1292 Prosperity Ave Tulare, CA 93274
Sponsored
Property size:
6,102 SF- Added:
- Dec 11, 2024
- Days on Market:
- 391
Property Features for 1292 Prosperity Ave
General Information
- Property type
- Restaurants
- Square Feet
- 6,102 SF
- Lot Size
- 60,984 SF
Building Details
- Year Built
- 2006
HighLights
- NNN ground lease Chili's restaurant in Central California, outparcel to Walmart.
- Approximately 11 years remaining on lease with 4‑5 year options; 10% rent escalations every 5 years (next in 2024), followed by a ~35% increase at the first option.
- Excellent visibility on East Prosperity Avenue (34,550 cars/day), adjacent to a 20‑acre power center including a movie theater and national retailers.
- Located near Highway 99 and surrounded by strong co‑tenants including Lowe's, Home Depot, and other national brands.
- Investment‑grade tenant (Brinker International, Inc.) with a BBB- Standard & Poor's rating.
Property Profile
Location Intelligence
Current Use by Public Records
It's Just Wings
Chicken Wings Restaurant
Chili's Grill & Bar
Restaurant
Location Insight
- Map
- Local Demand
- City
- Tulare
- County
- Tulare
- State
- California
- Longitude
- -119.3270765
- Latitude
- 36.2263399
Nearby Similar for Sale
FAQs
Where is this restaurant located?
The property is located at 1292 Prosperity Ave Tulare, CA.
What is the asking price?
The asking price for this property is $2,475,000.
What are key features of this property?
This property features: NNN ground lease Chili's restaurant in Central California, outparcel to Walmart.; Approximately 11 years remaining on lease with 4-5 year options; 10% rent escalations every 5 years (next in 2024), followed by a ~35% increase at the first option.; Excellent visibility on East Prosperity Avenue (34,550 cars/day), adjacent to a 20-acre power center including a movie theater and national retailers.
