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1212 W Olive Ave
Porterville, CA 93257
Sherwin-Williams - Porterville, CA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Positioned along Olive Ave (25,500+ VPD) at intersection with N Dameron St
- Scheduled 12% rental increases every five years to hedge against inflation
- Proximity to Town & Country Market (580k visits) and Smart & Final (830k visits) grocers
- Double-Net (NN) lease with minimal landlord responsibilities
- Corporate guarantee from The Sherwin-Williams Company (S&P: BBB-)
EXECUTIVE SUMMARY
Blue West Capital is pleased to offer for sale a single-tenant Sherwin-Williams located in Porterville, CA (Visalia-Porterville MSA). The property is conveniently located at the intersection of Olive Ave (25,500+ VPD) and N Dameron St.
The offering features a fee simple interest (land & building) of a corporate-backed Sherwin-Williams (S&P: BBB) property. Sherwin-Williams operates on a double-net (NN) lease with scheduled 12% rental increases every 5 years to hedge against inflation. The Sherwin-Williams Company operates 5,000+ locations across the U.S., Canada, the Caribbean, and Latin America.
The property is positioned along a high-traffic Central Valley retail corridor serving the Porterville–Visalia trade area, benefiting from consistent daily traffic and necessity-driven demand. The surrounding retail environment is anchored by dominant national tenants including O’Reilly Auto Parts, Town & Country Market, Dollar General, and Smart & Final reinforcing long-term performance. The corridor functions as a key east–west connector linking residential density with major retail, employment, and essential services across the greater Visalia-Porterville MSA.
Available individually or as a portfolio with Centennial, CO location: https://bluewestcapital.com/listings/
The offering features a fee simple interest (land & building) of a corporate-backed Sherwin-Williams (S&P: BBB) property. Sherwin-Williams operates on a double-net (NN) lease with scheduled 12% rental increases every 5 years to hedge against inflation. The Sherwin-Williams Company operates 5,000+ locations across the U.S., Canada, the Caribbean, and Latin America.
The property is positioned along a high-traffic Central Valley retail corridor serving the Porterville–Visalia trade area, benefiting from consistent daily traffic and necessity-driven demand. The surrounding retail environment is anchored by dominant national tenants including O’Reilly Auto Parts, Town & Country Market, Dollar General, and Smart & Final reinforcing long-term performance. The corridor functions as a key east–west connector linking residential density with major retail, employment, and essential services across the greater Visalia-Porterville MSA.
Available individually or as a portfolio with Centennial, CO location: https://bluewestcapital.com/listings/
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
B
Year Built
2005
Price
$2,420,347 CAD
Price Per SF
$484.07 CAD
Cap Rate
6%
NOI
$145,221 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.33 AC
Zoning
C-2
Parking
12 Spaces (2.4 Spaces per 1,000 SF Leased)
Frontage
101’ on W Olive Ave
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 251-282-012-000 | Improvements Assessment | $840,781 CAD |
| Land Assessment | $330,799 CAD | Total Assessment | $1,171,580 CAD |
PROPERTY TAXES
Parcel Number
251-282-012-000
Land Assessment
$330,799 CAD
Improvements Assessment
$840,781 CAD
Total Assessment
$1,171,580 CAD
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