Retail•Free Standing Building•For Sale

Single Tenant NNN Leased Corporate Backed Asset

751 N Miller Park St, Visalia, California 93291

Sale Price $2,400,000
Sale Type Net Lease Investment
Zoning Indistrial Light IL
Bldg Type Single Tenant
Cap Rate 6.12%
Gross Bldg 19,750 SqFt
Land Area 1.27 Acres
Net Op Inc $146,857
Market Tulare County
Sub-Market Downtown Visalia
Freestanding Absolute NNN Zero Landlord Responsibility Corporate Guaranteed Broken Drum Insulation of Visalia is a part of the Installed Building Products family of companies. IBP is the nation’s premier insulation installer in the U.S. residential new construction market. We provide a variety of products and installation services, all with one goal in mind: making your life easier. Our team works with homeowners and builders/contractors on residential and commercial new construction and retrofit projects. Home insulation: We install insulation in both new and existing homes and have experience working with homeowners, builders and contractors. Whether you need insulation for a brand new house being constructed or the home you’ve lived in for 10 years, the right insulation can help maximize its year-round energy efficiency and comfort. We also offer insulation removal services. Building insulation: We insulate commercial buildings for new construction and retrofit jobs. Our team also offers insulation wholesale services for contractors. Air sealing: We provide air sealing services in addition to insulation installation to help ensure your space is as energy-efficient and comfortable as possible. Garage Doors: We offer comprehensive residential and commercial garage door services. Window Coverings: Our team provides professional window blind and shutter installation for your home or business. A corporate guaranteed lease 2 years left of a 3-year lease with multiple 3-year options, showing commitment to the location. The vibrant Downtown and Industrial Park of Visalia attracts various quality tenants surrounding the location bringing great synergy for Broken Drum to flourish. Well known and established building in a highly traveled area. This safe and secure deal houses a tenant on $12,238.08 Monthly Rent, making them an extremely profitable and lucrative location. As a build-to-suit building and recent Tenant improvements including a newly remodeled interior, freshly updated amenities, and a pristine exterior with lush landscaping and like-new feel. Great opportunity for a long term investor looking for a corporate guarantee and publicly traded tenant. Located in the Industrial Park in Visalia. The property in on the Northwest corner of W Nicholas Ave and Camp Dr, Just 1.1 miles East of the Ca 99 HWY, and South of West Goshen Ave. It is near Party Works, Mor Furniture for Less, Central Ca Gymnastics, Visalia UPS Customer Center, Pacific Supply, Valley Oak SPCA, Classic Charter, Subway Restaurants, Visalia Ceramic Tile INC. Central location with close proximity to many restaurants, government agencies, services and many other amenities. Visalia is rated in the top 100 communities in America by Relocate America for its great music, culture, arts and entertainment, as well as the many shopping and dining venues. Visalia’s Downtown received an honorable mention as one of California’s Best Downtown's on the Best and Worst Downtown’s list saying, “It’s the one to watch”
  • Single Tenant Triple Net (NNN) Leased Asset
  • Publicly Traded on Stock Exchange (IBP)
  • Broken Drum Insulation (BDI) Sold to National Firm Installed Building Products (IBP)
  • Build-to-Suit Specifically for Broken BDI and IBP
  • IBP Currently Operates Over 175 Locations Across the United States
  • Been in Business for Over 40 Years
  • Numerous Product Lines - Insulation, Garage Doors, Rain Gutters, Closet Shelving,
  • Shower Doors/Mirrors/Bath Hardware, Fireplaces, Window Blinds, Door Lock sets and Hardware
  • Superior Location w/ Limited Competition | Strategic Trade Area
11/4/2019 8:06:31 PM 11/22/2019 4:34:44 PM
Jared Ennis
Senior Commercial Associate
KW Commercial | Central California

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