49 W. Tulare Ave, Tulare, CA 93274 For Sale

Resting on a large 1.49 W Tulare Ave is a single-tenant retail property comprising approximately 14,490 square feet on a 1.56-acre lot, leased to State Foods Supermarkets. The tenant recently signed a 10-year NNN lease with options to extend. The property generates a stable net operating income of $240,000 annually, representing a 6% cap rate. As an added layer of security, the lease is personally guaranteed by both the CEO and CFO of State Foods Supermarkets, Inc. State Foods operates 10 locations throughout California’s Central Valley, reflecting a strong regional presence and operational stability. This well-located asset benefits from strong visibility, ample parking, and consistent consumer traffic, making it an attractive, low-risk investment opportunity with long-term income stability.