Investment Highlights

LONG-TERM NNN LEASE
» Leased to Tuesday Morning for 10 years
» 10% rental increases every five years in initial term and option periods, providing a hedge against inflation
» Limited landlord responsibilities, presenting an ideal investment opportunity for an out-of-area investor

INFILL LOCATION IN REGIONAL POWER CENTER
» Prime location in Packwood Creek – East, part of Visalia’s largest power center
» Excellent location on Mooney Boulevard, Visalia’s primary retail corridor, with excellent visibility and access to 26,000 vehicles per day
» 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
» Adjacent to a high-volume Costco, which draws an estimated 1.4 million customers annually from a significantly wide radius, greatly increasing Tuesday Morning’s customer base

NEW 2018 CONSTRUCTION
» High quality construction scheduled to be completed in 2018
» Built to tenant’s exact specifications, demonstrating long-term commitment to the location

Click Here to Download Offering Memorandum

Property Description

SOLD

The property is located in Packwood Creek – East, located on Mooney Boulevard, Visalia’s primary retail corridor, with excellent visibility and access to 26,000 vehicles per day. Packwood Creek – East and Packwood Creek – West make up Visalia’s largest power center, featuring major national 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 The Grove at Packwood Creek, a regional shopping center development that will feature Sportsman’s Warehouse. The property is also close to a high-volume Costco, which draws an estimated 1.4 million customers annually from a significantly wide radius, greatly increasing Tuesday Morning’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 demographics, 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.