5223 Walnut Ave Visalia, CA 93277
This exceptional investment opportunity presents two fully leased shopping centers in prime Visalia and Lemoore, California locations. The portfolio comprises ten units totaling 16,316 net rentable square feet, situated across two buildings on two separate parcels. The properties boast a combined 50,007 square feet and are situated on high-traffic thoroughfares. Built in 1999 and 2003, these single-story centers benefit from a 100% occupancy rate, generating a strong net operating income (NOI) of $301,375, resulting in an attractive 4.86% cap rate. The sale is structured as a 1031 exchange-eligible offering, presenting significant tax advantages for qualified investors. The properties are offered as a corporate ownership and operate under a triple-net (NNN) lease structure, minimizing landlord responsibilities. The Visalia location, at 5223 W Walnut Ave, Visalia, CA 93277 (APN: 119650007000 & 021380010000), is zoned NC. The Lemoore location is at 75 W Hanford Armona Rd, Lemoore, CA 93245. This portfolio represents a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential. The asking price is $6,200,000.
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Jimmy John's Take-out & Catering Catering Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CN · Visalia, CACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.