Investment Highlights

LONG-TERM NNN LEASE
» Leased to Sportsman’s Warehouse for 10 years
» 10% rental increases every five years in initial term and option periods, providing a hedge against inflation

INFILL LOCATION IN NEW REGIONAL SHOPPING CENTER DEVELOPMENT
» Prime location in The Grove at Packwood Creek, Visalia’s newest retail development
» Excellent location just off of Mooney Boulevard, Visalia’s primary retail corridor
» Part of the highly successful Packwood Creek Centers, with major national tenants, including Target, Lowe’s, Best Buy, PetSmart, Michaels, Cost Plus World Market, Pier 1 Imports, and Guitar Center

PRIME LOCATION IN REGIONAL SHOPPING HUB WITH LARGE CUSTOMER BASE
» Visalia is the largest city between Fresno and Bakersfield and has a trade area of approximately 528,000 people
» Population of 142,921 within a five-mile radius of the property
» Directly adjacent to a high-volume Costco, which draws an estimated 1.4 million customers annually from a significantly wide radius, greatly increasing Sportsman’s Warehouse’s customer base

NEW 2017 CONSTRUCTION
» High quality construction scheduled to be completed in Q3 2017
» Built to tenant’s exact

Click Here to Download Offering Memorandum

Property Description

SOLD

The property is located in The Grove at Packwood Creek, a new regional power center development. Located just off of Mooney Boulevard, Visalia’s primary retail corridor, The Grove at Packwood Creek is part of the successful Packwood Creek Centers. The adjoining Packwood Creek Shopping Center is Visalia’s largest power center, featuring major tenants including Target, Lowe’s, Best Buy, Michaels, Kirkland’s, Pier 1 Imports, Cost Plus World Market, and many others. Additionally, the property is directly adjacent to Costco, which draws an estimated 1.4 million customers annually from a significantly wide radius, greatly increasing Sportsman’s Warehouse’s customer base. Other major shopping centers in the nearby area include Visalia Mall, anchored by Macy’s and JCPenney, and Sequoia Mall, featuring Sears and Regal Cinemas.

The property benefits from its prime location within a regional shopping hub. The property is supported by robust demographic, with a population of 142,921 within a five-mile radius. Additionally, as the largest city between Fresno and Bakersfield, Visalia serves as a regional trading center for an estimated 528,000 people living within the Tulare, Kings, southern Fresno, and northern Kern counties.