Marcus & Millichap is pleased to offer the opportunity to purchase fee simple interest in an 11,015 square foot 4-unit, multi-tenant retail building located on: 2908-2950 South Mooney Boulevard in the city of Visalia, which has a population of over 141,000 people. Visalia is centrally located about 3 hours south of San Francisco and San Jose in Northern California, and 3 hours north of Los Angeles. The state of the art, modern-built property is 100% leased to service and experience-based tenants. The well-maintained single-story retail building boasts over 150 feet of frontage on Mooney Boulevard (28,000 CPD), and benefits from the retailers in the immediate surrounding area. PROVEN TENANT RETENTION & SITE COMMITMENT The majority (86%) of the tenants have been at this location since the building’s redevelopment in 2016, establishing proven success and long-term commitment to this site. EXCEPTIONAL RENT AND CASH FLOW GROWTH The increases built into the leases (3% annual increases, and 10% increases every 5 years) provide the Landlord with exceptional growth in cash flow over the hold period. PRIDE OF OWNERSHIP ASSET/ NEW 2016 BUILD Built in 2016, this pride of ownership asset benefits from state-of-the-art modern design, and new construction which lends to durability, and less capital expenditures in the foreseeable future. GREAT VISIBILITY AND TRAFFIC COUNTS Boasting over 159’ of frontage on Mooney Blvd (28,000 CPD), the building benefits from visibility and the synergy provided by the surrounding retailers. DENSE, SOLID CALIFORNIA DEMOGRAPHICS • Over 15,000 people within a 1-mile radius and average household incomes exceeding$80,000. • Over 86,000 people within a 3-mile radius and average household income exceeding$85,000. • Over 131,000 people within a 5-mile radius and average household income exceeding$91,000.