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155 19Th Ave Lemoore, CA 93245

Sponsored
For Sale
$2,436,452

High-yield, single-tenant net lease property.

Property size:
7,489 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents a 7,489-square-foot, single-tenant retail building in Lemoore, California, currently occupied by a Dollar General store under a corporate-guaranteed net lease. The property, built in 2018, boasts a 15-year lease commencing July 28, 2018, and expiring July 31, 2033, leaving approximately 8.7 years remaining. The building features steel and concrete construction, fire sprinklers, and a freight door, situated on approximately 1.05 acres of land. With a strong 5.30% cap rate and a Net Operating Income (NOI) of $129,132, this asset offers a compelling return on investment. The property enjoys a prominent location, less than 0.6 miles from Highway 41/Bush Street exit, benefiting from high visibility and convenient access. Lemoore's economy is supported by major employers including a Naval Air Station and food processing companies, providing a stable market for retail businesses. The property is zoned CMU and has an APN of 023-420-022-000. This is a turnkey investment with exceptional long-term potential. The asking price is $2,436,452.80.

Property Features for 155 19Th Ave

General Information

Property type
Individual retail properties
Square Feet
7,489 SF

Building Details

Year Built
2018
Buildings
1
Units
1

HighLights

  • Free‑standing retail building (7,489 SF) on 1.05 acres in Lemoore, CA, 0.6 miles from Hwy 41.
  • Lemoore, CA location in Kings County, approximately 30 miles south of Fresno.
  • Excellent access to Routes 41 and 198.
  • Downtown Lemoore offers various restaurants and shopping.
  • Strong local employment base including Naval Air Station Lemoore, Olam International, Leprino Foods, and Tachi Palace Casino Resort.
Property Profile Location Intelligence

Current Use by Public Records

Dollar General Dollar Store FedEx OnSite Mailing Service Redbox Movie Rental Kiosk Western Union Money Transfer Service Amerigas Propane Exchange Propane Supplier

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lemoore
County
Kings
State
California
Longitude
-119.7995231
Latitude
36.2973269

FAQs

What type of property is this?
Individual retail property - High-yield, single-tenant net lease property.
Where is this individual retail property located?
The property is located at 155 19Th Ave Lemoore, CA.
What is the asking price?
The asking price for this property is $2,436,452.
What are key features of this property?
This property features: Free-standing retail building (7,489 SF) on 1.05 acres in Lemoore, CA, 0.6 miles from Hwy 41.; Lemoore, CA location in Kings County, approximately 30 miles south of Fresno.; Excellent access to Routes 41 and 198.
More about this property
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