Single-Tenant Grocery Retail
49 W Tulare Ave Tulare, CA 93274
For Sale
Contact for pricing
Standalone NNN grocery building on a 1.56-acre lot leased to State Foods Supermarkets.
Property Size14,490 SF
Lot Size1.56 Acres
Price / SF$265.01
Days on Market370
Property Features for 49 W Tulare Ave
General Information
Standard status
Active
Size
14,490 SF
Lot size
1.56 Acres
Property subtype
RETAIL
Listing Agency:
Retail California Commercial Real Estate
(559) 447-6218
Listed By:
Troy A. McKenney · License #00952671
(559) 269-0705
Source:
Moodyscre
Added: Jul 25, 2025
Changed: Jul 26
Last Checked: Jul 28 at 12:32PM
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 Retail California Commercial Real Estate
Investment Insights
Based on property information with market context.
49 W Tulare Ave is a single-tenant retail property comprising approximately 14,490 square feet on a 1.56-acre lot, leased to State Foods Supermarkets. The tenant recently signed a 10-year NNN lease with options to extend. The offering is described as generating stable net operating income of $240,000 annually, which is presented as a 6% cap rate.
As an added layer of security, the lease is personally guaranteed by both the CEO and CFO of State Foods Supermarkets, Inc. State Foods operates 10 locations throughout California’s Central Valley.
The property is presented as well-located, with strong visibility, ample parking, and consistent consumer traffic supporting long-term income stability.
As an added layer of security, the lease is personally guaranteed by both the CEO and CFO of State Foods Supermarkets, Inc. State Foods operates 10 locations throughout California’s Central Valley.
The property is presented as well-located, with strong visibility, ample parking, and consistent consumer traffic supporting long-term income stability.
Key Highlights
- Single‑tenant retail property with approx. 14,490 SF on a 1.56‑acre lot, leased to State Foods Supermarkets
- Tenant signed a 10‑year NNN lease with options to extend
- Generates stable net operating income of $240,000 annually, representing a 6% cap rate
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $434.7k | $30.00 |
| − Vacancy | −$23.9k | −$1.65 |
| EGI | $410.8k | $28.35 |
| − OpEx | −$102.7k | −$7.09 |
| NOI | $308.1k | $21.26 |
14,490 SF · lease $30.00/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.40M
$3.85M – $5.13M
NOI $308,094 @ 7.0% cap · market cap 8.02%
Second Best
Retail
$2.95M
$2.59M – $3.45M
NOI $206,820 @ 7.0% cap · market cap 5.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- F & M Market — 206 W Cross Ave, Tulare, CA 93274
- Grocery Outlet — 170 E Cross Ave, Tulare, CA 93274
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Standalone NNN grocery building on a 1.56-acre lot leased to State Foods Supermarkets.
Where is this grocery and convenience store located?
The property is located at 49 W Tulare Ave Tulare, CA.
What is the asking price?
The asking price for this property is $3,840,000.
What are key features of this property?
This property features: Single‑tenant retail property with approx. 14,490 SF on a 1.56‑acre lot, leased to State Foods Supermarkets; Tenant signed a 10‑year NNN lease with options to extend; Generates stable net operating income of $240,000 annually, representing a 6% cap rate
