OFFERING SUMMARY
List Price: $1,648,360
CAP Rate: 7.5%
Number of Suites: 4
Guarantee: Apple Texas, Inc.
Approximate Leasable Area: 10,150 SF
Year Built: 2007
OFFERING HIGHLIGHTS
- Retail Center Anchored by Aaron’s Corporate
- Most Leases are Triple Net–Minimal Landlord Responsibility
- Signaled Intersection with Nearly 21,000 Vehicles Per Day
- Located in a Designated Opportunity Zone
INVESTMENT OVERVIEW
The Diffie Retail Team of Marcus & Millichap is pleased to present this multi-tenant retail center in Porterville, California. The subject offering affords an incoming investor the opportunity to acquire an approximately 10,150-square-foot shopping center anchored by Aaron’s Corporate, with recently extended leases among the additional tenants. This meticulously maintained shopping center has been anchored by Aaron’s since its inception in 2007 and has been a virtually management free asset for the current ownership. This location has proven to be a successful site for all four tenants, and particularly for Aaron’s, which was managed by a seasoned franchisee for many years until Aaron’s Corporate assumed operations.
