Retail

4254 S Mooney Blvd


4254 S Mooney Blvd
VisaliaCA 93277

4254 S Mooney Blvd

Retail: Big Box

4254 S Mooney Blvd, VisaliaCA 93277

Details

Total Size
10,009 SF
Land
0.99 Acre
Building Status
Existing
Number of Buildings
1
Number of Floors
1
Occupancy Type
Single Tenant
Percentage Leased
100
County
Tulare

Current Listings

4254 S Mooney Blvd

$2,647,500
Cap Rate: 8%
CBRE

SECTOR LEADING TENANT / LOW MANAGEMENT HASSLE

Sector Leasing Operator | Dominant Brand

Guitar Center Stores, Inc. is the largest musical instrument retailer in the world. The company operates over 268 stores and employs over 10,000 associates throughout the United States. In recent years Guitar Center has remodeled stores (including the Visalia, CA location) with private “whisper rooms” to allow for in store music lessons. The new “experiential” store format has led to sales growth in several consecutive quarters. Guitar Center was #207 on Forbes 2018 List of America’s Largest Private Companies with estimated annual revenue of $2.2 B.

Proven Location

The subject property has operated as Guitar Center since its original construction in 2006. In 2017 Guitar Center incorporated their new store concept and added five (5) “Whisper Rooms” to the location which are utilized for music lessons.

Internet Resistance (Amazon Proof)

Approximately 65% of the guitars, pianos, and other items sold in store are subject to a manufacturer minimum advertised price, meaning Amazon cannot sell the product any cheaper than Guitar Center. In addition, 15% of inventory is Guitar Center’s in-house brands which are only available through the retailer.

Coupon Clipper

NNN Lease Structure with limited Landlord Responsibility, perfect for passive investors looking to “collect coupons."

EXCELLENT RETAIL LOCATION

Regional Draw

Guitar Center is located within Packwood Creek East Shopping Center, one of Visalia’s largest and most prominent Power Centers. The center features a dynamic tenant line up including: Lowe’s, PetSmart, Pier1, Cost Plus World Market, Tuesday Morning, Guitar Center, and many more.

High Identity / High Traffic Location

Ideal retail location with clear line of sight visibility, multiple ingress/egress driveways along South Mooney Boulevard and Visalia Parkway, and an intersection traffic count of ± 32,000 VPD.

Residential and Commercial Proximity

Proximity to both commercial and residential density drives frequent customer visits / traffic to the center throughout the business day.

Strong Big Box Sales

The Big Box Anchor within Packwood Creek East (Lowe’s) and immediately surrounding centers (Target in Packwood Creek West) and Costco boast extremely strong sales*

Packwood Creek East Lowe’s is Ranked #6 out of 86 store locations in CA

Packwood Creek West Target is ranked #38 out of 168 store locations in CA

Costco Warehouse annual sales are in excess of $225 Million and Costco Fuel Sales of $30 Million.

*source: Visalia Chamber of Commerce

HIGH GROWTH TRADE AREA

Visalia is the cultural, economic, and commercial hub of Tulare County. The thriving economy is comprised of farming, manufacturing, and distribution providers. Retail sales per capita in Visalia are $16,625, far exceeding California's of $12,561.

STRONG SAN JOAQUIN VALLEY DEMOGRAPHICS

County Seat

As the county seat of Tulare County, Visalia serves as the economic and governmental center to one of the most productive single agricultural counties in the Country.

More than 144,000 people and 58,828 employees with an Average Household Income of over $83,000 (Projected Growth to $100,599 by 2023) within a three (3) mile radius of the site.

EXCELLENT 1031 EXCHANGE UPLEG OR PASSIVE PORTFOLIO ADDITION

Pride of Ownership Asset

High quality construction, and recent parking lot maintenance + tenant responsible repair / maintenance NNN lease eliminate near term capital improvement needs for new buyer.

Low Management Offering

National tenant with proven operating history or recently renewed long term NNN lease provides an excellent low management, low hassle investment opportunity.

Debt Free

Guitar Center will be offered free and clear of existing financing, allowing new buyer an opportunity to customize debt to achieve optimal returns.

CBRE

SECTOR LEADING TENANT / LOW MANAGEMENT HASSLE

Sector Leasing Operator | Dominant Brand

Guitar Center Stores, Inc. is the largest musical instrument retailer in the world. The company operates over 268 stores and employs over 10,000 associates throughout the United States. In recent years Guitar Center has remodeled stores (including the Visalia, CA location) with private “whisper rooms” to allow for in store music lessons. The new “experiential” store format has led to sales growth in several consecutive quarters. Guitar Center was #207 on Forbes 2018 List of America’s Largest Private Companies with estimated annual revenue of $2.2 B.

Proven Location

The subject property has operated as Guitar Center since its original construction in 2006. In 2017 Guitar Center incorporated their new store concept and added five (5) “Whisper Rooms” to the location which are utilized for music lessons.

Internet Resistance (Amazon Proof)

Approximately 65% of the guitars, pianos, and other items sold in store are subject to a manufacturer minimum advertised price, meaning Amazon cannot sell the product any cheaper than Guitar Center. In addition, 15% of inventory is Guitar Center’s in-house brands which are only available through the retailer.

Coupon Clipper

NNN Lease Structure with limited Landlord Responsibility, perfect for passive investors looking to “collect coupons."

EXCELLENT RETAIL LOCATION

Regional Draw

Guitar Center is located within Packwood Creek East Shopping Center, one of Visalia’s largest and most prominent Power Centers. The center features a dynamic tenant line up including: Lowe’s, PetSmart, Pier1, Cost Plus World Market, Tuesday Morning, Guitar Center, and many more.

High Identity / High Traffic Location

Ideal retail location with clear line of sight visibility, multiple ingress/egress driveways along South Mooney Boulevard and Visalia Parkway, and an intersection traffic count of ± 32,000 VPD.

Residential and Commercial Proximity

Proximity to both commercial and residential density drives frequent customer visits / traffic to the center throughout the business day.

Strong Big Box Sales

The Big Box Anchor within Packwood Creek East (Lowe’s) and immediately surrounding centers (Target in Packwood Creek West) and Costco boast extremely strong sales*

Packwood Creek East Lowe’s is Ranked #6 out of 86 store locations in CA

Packwood Creek West Target is ranked #38 out of 168 store locations in CA

Costco Warehouse annual sales are in excess of $225 Million and Costco Fuel Sales of $30 Million.

*source: Visalia Chamber of Commerce

HIGH GROWTH TRADE AREA

Visalia is the cultural, economic, and commercial hub of Tulare County. The thriving economy is comprised of farming, manufacturing, and distribution providers. Retail sales per capita in Visalia are $16,625, far exceeding California's of $12,561.

STRONG SAN JOAQUIN VALLEY DEMOGRAPHICS

County Seat

As the county seat of Tulare County, Visalia serves as the economic and governmental center to one of the most productive single agricultural counties in the Country.

More than 144,000 people and 58,828 employees with an Average Household Income of over $83,000 (Projected Growth to $100,599 by 2023) within a three (3) mile radius of the site.

EXCELLENT 1031 EXCHANGE UPLEG OR PASSIVE PORTFOLIO ADDITION

Pride of Ownership Asset

High quality construction, and recent parking lot maintenance + tenant responsible repair / maintenance NNN lease eliminate near term capital improvement needs for new buyer.

Low Management Offering

National tenant with proven operating history or recently renewed long term NNN lease provides an excellent low management, low hassle investment opportunity.

Debt Free

Guitar Center will be offered free and clear of existing financing, allowing new buyer an opportunity to customize debt to achieve optimal returns.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

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