Arco Truck Shop Visalia, CA 93277
- Lifestyle centers
Current Use by Public Records
- Lifestyle centers
Property Details for 0 Arco Truck Shop
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a newly constructed Arco Truck Shop shopping center in Visalia, CA (zip code 93277), strategically located at Exit 98 off Highway 99 at Betty Drive. Currently under construction with a Q2 2023 delivery date, this property boasts a 4.00% cap rate and a projected net operating income (NOI) of $2,226,000. The center features three quick-service restaurants (QSRs) operating under absolute triple-net (NNN) leases with a 15-year term, including 1.5% annual rent increases and four 5-year options. A franchise lease guaranty provides added security. The property benefits from exceptional visibility and accessibility due to its highway location and prominent jumbo pylon signage. Its strategic placement near Exit 98 of Highway 99 ensures high traffic volume and exposure to motorists and truckers. This is part of a larger development including a hotel, Air Products hydrogen fueling center, Tesla charging stations, and additional dining establishments, further enhancing the property's value and long-term potential. The asking price is $55,650,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Visalia
- County
- Tulare
- State
- California
- Longitude
- -119.383
- Latitude
- 36.3034
