Single-Tenant Grocery
New
For Sale
$6,571,168
4236 S Mooney Blvd, Visalia, CA 93277
Corporate-backed grocery operation with a long-term lease and scheduled rent increases.
Property Size30,273 SF
Price / SF$217.06
Days on Market6
Property Features for 4236 S Mooney Blvd
General Information
Standard status
Active
Size
30,273 SF
Property subtype
Grocery Store
Lease Type
NN
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Costco, Lowe's
Additional Details
Cap Rate
6.35%
Amenities
Corporate Lease: US FOODS, INC. (NYSE: USFD) | $39 Billion in annual revenue
Original 15-Year Lease with Over 10-Years Remaining
Synergistic Retail Hub Location Shadow-Anchored by Costco & Lowe's
Building Details
Building Size
30,273 SF
Tenancy
Single
Listing Agency:
(615) 997-2834
Listed By:
Jason Hernandez · License #License(s): CA: 01392646, TN: 377081
(615) 997-2834
Source:
Marcusmillichap
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 19 at 5:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jason Hernandez
Investment Insights
Based on property information with market context.
This single-tenant grocery and convenience property is occupied by US Foods | Chef’Store under its original 15-year lease, with more than 10 years remaining. The lease provides 7.5% rent increases every five years, followed by 10% increases during each of four five-year option periods. Corporate lease support is provided by US FOODS, INC., which guarantees the obligation and operates Chef’Store locations across 14 states.
The 30,273-square-foot property is positioned within a shopping center anchored by Costco and Lowe’s at the intersection of S. Mooney Blvd and Visalia Parkway. The surrounding trade area includes national retailers and restaurants such as Walmart, Target, Burlington, Best Buy, PetSmart, Panera Bread, Chipotle, Starbucks, and Barnes & Noble. The property is located at 4236 S Mooney Blvd in Visalia, California, with 162,712 residents within a 5-mile radius and average household income of $90,626 within 1 mile.
The 30,273-square-foot property is positioned within a shopping center anchored by Costco and Lowe’s at the intersection of S. Mooney Blvd and Visalia Parkway. The surrounding trade area includes national retailers and restaurants such as Walmart, Target, Burlington, Best Buy, PetSmart, Panera Bread, Chipotle, Starbucks, and Barnes & Noble. The property is located at 4236 S Mooney Blvd in Visalia, California, with 162,712 residents within a 5-mile radius and average household income of $90,626 within 1 mile.
Key Highlights
- 30,273‑square‑foot single‑tenant grocery and convenience property
- US Foods | Chef’Store occupancy under original 15‑year lease with over 10 years remaining
- 7.5% rent increases every 5 years and 10% increases during each of four 5‑year options
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$462,959
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,259,180
$9.3M
Cap Rate 7%
$6,613,700
$6.6M
Cap Rate 9%
$5,143,989
$5.1M
Market Conditions
NOI Build-Up for 30,273 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$653.9K $21.60/SF
− Vacancy
−$36.6K −$1.21/SF
EGI
$617.3K $20.39/SF
− OpEx
−$154.3K −$5.10/SF
NOI
$463.0K $15.29/SF
Area
Visalia, CA
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,259,180
Cap Rate 7%
$6,613,700
Cap Rate 9%
$5,143,989
Alternative Uses
Best Use
Specialty Retail
$6.61M
$5.79M – $7.72M
NOI $462,959 @ 7.0% cap · market cap 7.05%
Second Best
Retail
$6.17M
$5.40M – $7.20M
NOI $432,095 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$8.29M
$7.26M – $9.68M
NOI $580,515 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
1.3M
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 39%
Shops & Services 20%
Dining 13%
Apparel 12%
Costco Wholesale
Superstores
208,829 visits/mo
0.3 miles
Target
Superstores
154,339 visits/mo
0.4 miles
Walmart
Superstores
125,853 visits/mo
0.3 miles
Costco Gasoline
Shops & Services
72,344 visits/mo
0.2 miles
Best Buy
Electronics
63,442 visits/mo
0.4 miles
Demographics for 93277, CA
53,196
Population
19,434
Households
2.7
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,350
Density / Sq Mi
$79,532
Median Household Income
$43,555
Median Earnings
$1,406
Median Rent
$320,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Target Grocery — 4247 S Mooney Blvd, Visalia, CA 93277
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corporate-backed grocery operation with a long-term lease and scheduled rent increases.
Where is this grocery and convenience store located?
The property is located at 4236 S Mooney Blvd Visalia, CA.
What is the asking price?
The asking price for this property is $6,571,168.
What are key features of this property?
This property features: 30,273‑square‑foot single‑tenant grocery and convenience property; US Foods | Chef’Store occupancy under original 15‑year lease with over 10 years remaining; 7.5% rent increases every 5 years and 10% increases during each of four 5‑year options
