155 19Th Ave Lemoore, CA 93245
- Grocery and convenience stores
- 7,443 SF
- 1.05 lot acres
Current Use by Public Records
- Dollar General / Party Store / Seasonal Goods Store
- FedEx OnSite / Mailing Service
- Redbox / Movie Rental Kiosk / Dvd Store
- Western Union / Money Transfer Service
- Amerigas Propane Exchange / Propane Supplier
Property Details for 155 19Th Ave
- Year built
- 2018
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.05 lot acres
- Property size
- 7,443 SF
- Property type
- Grocery and convenience stores
- APN
- 023-420-022-000
- APU
- 23420022000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lemoore
- County
- Kings
- State
- California
- Longitude
- -119.799
- Latitude
- 36.2972
- CBSA code
- 25260
- CBSA name
- HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA
