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2443-2491 N 10th Ave - Northwood Plaza Shopping Center 22,956 SF Retail Building
ABOUT 2443-2491 N 10TH AVE , HANFORD , CA 93230
| Price | Not Individually For Sale | Building Class | B |
| Building Size | 22,956 SF | Lot Size | 1.66 AC |
| Property Type | Retail | Parking Ratio | 3.23/1,000 SF |
| Property Subtype | Freestanding |
| Price | Not Individually For Sale |
| Building Size | 22,956 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Building Class | B |
| Lot Size | 1.66 AC |
| Parking Ratio | 3.23/1,000 SF |
EXECUTIVE SUMMARY
25,956 sq. ft. Neighborhood Commercial Shopping Center anchored by Chevron Mini Mart, Me N Ed's Pizza and a total of 14 tenants. Hard corner location with estimated NOI of $321,092 with a 5% vacancy factor and 6% Cap rate, current vacancy is 12% with 3,156 sq. ft. All rental units pay Cam fees that Seller says covers most all expenses, estimated cam is $0.30 sq. ft. The neighborhood shopping center is suitable for bicycle shop, florist, gift shops, health & nutrition, craft, framing, apparel, Chinese restaurant, video store.
The shopping center in the fastest growing area in Kings County. The major signalized intersection in northwest Hanford. Surrounded by new single and multi-family residential. 50% of population with gross income in excess of $36,000/year.
The shopping center in the fastest growing area in Kings County. The major signalized intersection in northwest Hanford. Surrounded by new single and multi-family residential. 50% of population with gross income in excess of $36,000/year.
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