2104 Riggin Ave Visalia, CA 93291-7116
- Grocery and convenience stores
- 7,890 SF
- 2.18 lot acres
May 15, 2024
Current Use by Public Records
- Super Taco / Mexican Restaurant
Property Details for 2104 Riggin Ave
- Year built
- 2013
- Construction
- WOOD
- Lot size
- 2.18 lot acres
- Property size
- 7,890 SF
- Zone code
- CSO
- Property type
- Grocery and convenience stores
- APN
- 078-350-042-000
- APU
- 78350042000
Description
This exceptional Class A retail investment opportunity presents a 9,601 square foot property situated on a 2.18-acre lot in Visalia, California. The property, located at 2104 W Riggin Ave (APN 078-350-042), is zoned C-MU and features a Valero gas station, a convenience store, and a quick-service restaurant (QSR). The asking price is $12,250,000, translating to $1,275.91 per square foot. The property boasts long-term NNN leases in place with both local and nationally recognized tenants, providing a stable and substantial income stream. Recent improvements include a newly updated car wash and renewed leases with QSR tenants. The property benefits from its location in a rapidly developing area of Visalia, offering significant potential for future appreciation. This is an ideal opportunity for an owner-user seeking long-term supplemental income from existing NNN leases. Further financial details are available upon request. The property's strong tenant base, recent upgrades, and prime location make it a compelling investment prospect. This turnkey operation offers a rare chance to acquire a high-performing retail asset in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $8,760,000
- ML approach
- $8,760,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Visalia
- County
- Tulare
- State
- California
- Longitude
- -119.315
- Latitude
- 36.357
- CBSA code
- 47300
- CBSA name
- VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
