827 Akers St Visalia, CA 93277
- Lifestyle centers
- 7,337 SF
Current Use by Public Records
- Dutch Bros / Coffee Shop
- Little Caesars Pizza / Pizza Restaurant / Fast Food Restaurant
- Dentists of Visalia / Dentist / Cosmetic Dentist
- West Coast Sourdough - Visalia / Deli
- Dutch Bros Coffee / Coffee Shop / Cafe
Property Details for 827 Akers St
- Property size
- 7,337 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Akers Plaza, located at 827 S Akers St, Visalia, CA 93277, presents a compelling investment opportunity in Tulare County. This 7,337 square foot, multi-tenant property boasts a strong 5.15% capitalization rate and a Net Operating Income (NOI) of $293,386. The asking price is $5,830,000, translating to a price per square foot of $888.65. The property is a fully occupied, four-tenant center, strategically positioned a quarter-mile from Highway 198 ramps, serving the underserved Northwest Visalia area with its high daytime population. The tenant mix comprises 46% dental and 54% retail, ensuring a diversified income stream. Constructed in 2021, the building benefits from a weighted average lease term (WALT) of 8.27 years, providing long-term stability and predictable cash flow. Leases are structured as Triple Net (NNN) agreements. This property offers a rare combination of strong financial performance, desirable location, and a modern, well-maintained building, making it an ideal addition to any investment portfolio. The property is classified as both Medical Office and Shopping Center.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Visalia
- County
- Tulare
- State
- California
- Longitude
- -119.35
- Latitude
- 36.3233
