Skip To Content
    Return to Previous Page

    116 W W 6Th St

    Hanford, CA 93230
    • $1,650,000
    • STATUS: Active
    • ON SITE: 86 days
    • ID#: 202009150
    UPDATED: 38 min ago
    $1,650,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    99
    Type:
    Commercial
    Built:
    1903
    County:
    Area:
    99

    School Ratings & Info

    Description

    100% Leased Investment Opportunity: Freestanding Absolute NNN Zero Landlord Responsibility Guaranteed Lease with $500 annual increases through 2025. Retail services have occupied this space for various years with family-operated Ideal Furniture Gallery recently inking a lease extension through 12/2025 for the 25,000SF (since 2013). Full building remodel to suite their business needs and 2016 upgrades include brand new HVAC's paid for by the tenant, showing their commitment to the market and location. An additional 9,000 SF basement was recently leased for storage by a downtown business and is now available for additional income. Vibrant downtown Hanford attracts quality tenants surrounding the location bringing great synergy for Ideal Furniture Gallery to flourish. Well known and established store in a highly traveled area in Downtown Hanford. Functional floor plan that the tenant has made substantial improvements to.Greatopportunity for a long term investor

    Monthly Payment Calculator



    Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2020. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Keller Williams Realty or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2020-12-01T15:31:39.743.
    www.kerncountyhome.com/homes/109752605
    Print Image

    116 W W 6Th St Hanford, CA 93230

    • Price: $1,650,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 202009150
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    1903
    Built
    Neighborhood:
    99
    County:
    Kings
    Area:
    99
    Property Description
    100% Leased Investment Opportunity: Freestanding Absolute NNN Zero Landlord Responsibility Guaranteed Lease with $500 annual increases through 2025. Retail services have occupied this space for various years with family-operated Ideal Furniture Gallery recently inking a lease extension through 12/2025 for the 25,000SF (since 2013). Full building remodel to suite their business needs and 2016 upgrades include brand new HVAC's paid for by the tenant, showing their commitment to the market and location. An additional 9,000 SF basement was recently leased for storage by a downtown business and is now available for additional income. Vibrant downtown Hanford attracts quality tenants surrounding the location bringing great synergy for Ideal Furniture Gallery to flourish. Well known and established store in a highly traveled area in Downtown Hanford. Functional floor plan that the tenant has made substantial improvements to.Greatopportunity for a long term investor
    Property Features

    Annual Gross Income 0.00 Annual Net Income 129000.00 Cap Rate 7.0 Commercial Type Commercial Current Use Retail Furniture Store Total Annual Expense 0.00 Zone Downtown Commercial

    Listing courtesy of Juan Bustamante of Keller Williams Realty.


    Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2020. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Keller Williams Realty or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2020-12-01T15:31:39.743.
     
    https://bt-photos.global.ssl.fastly.net/bakersfield/1280_boomver_1_202009150-2.jpg https://bt-photos.global.ssl.fastly.net/bakersfield/1280_boomver_1_202009150-2.jpg https://bt-photos.global.ssl.fastly.net/bakersfield/1280_boomver_1_202009150-2.jpg
    Logo
    HomeStead Real Estate
    7440 Meany Ave Suite C
    Bakersfield CA, 93308