947 W Olive Ave | Porterville, CA 93257
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- LoopNet Team
947 W Olive Ave
Porterville, CA 93257
Starbucks Drive-Thru Anchored Shops · Retail Property For Sale
Investment Highlights
- 100% Leased Multi-Tenant Retail Center with Essential Starbucks Drive-Thru
- Complementary Mix of Nationally and Regionally Branded Essential QSR and Service Based Tenants
- Strong Demographics 3-Mile Radius – 73,232 Population with $60,674 Average Household Income
- Favorable Rental Increases with Triple Net (NNN) Leases – 5.53% CAP Rate 2022
- Located on a Signalized Corner of Olive Avenue On-Ramp/Off-Ramp Adjacent to the Highly Traveled Highway 65 over 28,000 Vehicles Per Day
- Neighboring businesses in the immediate area include: Smart & Final Extra, Planet Fitness, Ace Hardware, O’Reilly Auto Parts, Dollar General, Sherwin
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,525 SF
Building Class
B
Year Built
2007
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.40 AC
Zoning
C-3 - General Commercial
Parking
16 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
128 FT on W Olive Ave
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 259-111-013-000 | Improvements Assessment | $1,953,300 |
| Land Assessment | $459,000 | Total Assessment | $2,412,300 |
PROPERTY TAXES
Parcel Number
259-111-013-000
Land Assessment
$459,000
Improvements Assessment
$1,953,300
Total Assessment
$2,412,300
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