304 Sequoia Cir Porterville, CA 93257

This exceptional investment opportunity presents a fully leased, multi-tenant retail property located at 304 W Sequoia Cir, Porterville, CA 93257. The 4,324 square foot building, constructed in 2003, sits on a 0.36-acre lot and features two separate, economical spaces totaling approximately 4,600 square feet. Currently boasting 100% occupancy with long-term tenants under modified gross leases, the property generates a current NOI of $26,716, representing a 4.11% cap rate. However, significant upside potential exists. The pro-forma NOI is projected at $61,327, resulting in a 9.43% pro-forma cap rate. This increase is achievable through lease extensions and adjustments to operating expense pass-throughs. The property features clean spaces with newer paint, hard-surface flooring, LED lighting, newer HVAC units, a quality roof, and new doors/hinges/fixtures. Amenities include high-speed internet access, separate meters, private ADA restrooms, private entrances, outdoor LED lighting, and a demising wall allowing for future combination of spaces. The building also offers a fully lit private parking lot with 23 spaces plus street parking, excellent signage, and high visibility due to its location between CA-65 and CA-190, with easy access to Main Street and Henderson Avenue. The property's location in a busy, established corridor provides convenient access to downtown and major traffic generators. The asking price is $650,000, representing a price per square foot of $150.32. This presents a rare opportunity to acquire a well-maintained, high-performing retail investment with substantial growth potential in a strong market. The remaining lease term on the current tenants is one year.