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Property profile & analytics
FOR SALE
Grocery and convenience stores

155 S 19Th Ave Lemoore, CA 93245

7,443 SF 1.05 ac lot Built 2018
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-5549957
Property summary
AI-generated overview

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 profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2018
Construction TYPE NOT SPECIFIED
Total area 7,443 SF
Lot 1.05 ac (45,738 SF)
APN 023-420-022-000
UPID US09-5549957
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dollar General Discount Store
  • FedEx OnSite Postal Service Courier Service
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Western Union Bank Credit Union
  • Amerigas Propane Exchange Propane Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.13M
Comparable Approach Comparable
$1.05M
Blend (final) Blend
$1.09M
Owner & transaction history
Ahn Investments INC · 7 yrs held
Ahn Investments INC
since 2019
1 recorded transaction
2019
$2.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.4M +61.3%
Office building $1.4M +53.0%
Commercial (general) $975,000 +9.6%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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