Northwood Plaza – Multi-Tenant Retail Investment
Retail | 29,456 SqFt
Marketing description
Presenting Northwood Plaza, a premier multi-tenant retail investment opportunity in the thriving city of Hanford, CA. This fully leased property, strategically positioned at 2425 & 2443 N 10th Ave, offers a pro forma NOI of ±$529,008.00, providing investors with a stable and predictable income stream.
The ±29,456 SF across three well-maintained structures sits on ±2.46 acres at a high-traffic, signalized intersection with an impressive daily vehicle count of ±26,094, ensuring exceptional visibility and foot traffic. Anchored by a strong mix of long-term tenants, the center benefits from a diverse revenue stream and a well-maintained infrastructure, enhancing its appeal as a turnkey investment.
A standout feature of the property is the landlord-owned laundromat, equipped with state-of-the-art Dexter machines, less than a year old. This additional income stream enhances the property's overall value and flexibility, with its inclusion in the sale being negotiable, providing buyers with multiple investment options.
Key Investment Highlights:
Pro Forma NOI: ±$529,008.00* (includes projected income from laundromat operations and a pending lease under negotiation)
Fully Leased: 15 occupied units providing long-term cash flow stability
High Visibility Location: Positioned at a major intersection with strong national retailers nearby, driving consistent traffic
Turnkey Operation: Minimal capital expenditure required, with a well-maintained facility and ample parking
Growth Potential: Hanford’s expanding residential and commercial developments offer future appreciation and rent growth opportunities
This rare opportunity to acquire a fully stabilized retail center with optional ancillary income positions Northwood Plaza as an ideal asset for investors seeking stability, appreciation potential, and a strategic market presence in Central California.
Contact us today for additional information or to schedule a private tour.
Investment highlights
Pro Forma NOI of ±$529,008.00 - Offering investors a strong, stabilized cash flow, with income diversification from 15 fully leased units and an optional, high-performing laundromat component.
Fully Leased Multi-Tenant Retail Center - A diverse mix of long-term tenants ensures consistent revenue and minimal vacancy risk, providing a turnkey investment opportunity with predictable income.
High-Visibility, Prime Location - Strategically positioned at the signalized intersection of N 10th Ave and E Fargo Ave, experiencing ±26,094 vehicles per day, ensuring exceptional exposure and accessibility for tenants and customers alike.
Ancillary Income Opportunity - A modern, landlord-owned laundromat featuring new Dexter machines, significantly enhancing the property’s value and income potential. The laundromat can be included in the sale to maximize returns or structured with a seller leaseback option to provide added investment flexibility based on buyer objectives.
Strong Market Fundamentals - Located in Hanford, CA, a growing market with ongoing residential and commercial developments, supporting increased demand for retail and essential services.
Minimal Landlord Responsibilities - The property's well-maintained infrastructure, efficient operational setup, and established tenant base require low day-to-day management, making it an ideal asset for passive investors.
Future Value-Add Potential - With a high-demand location and potential for future rent escalations, investors can capitalize on long-term appreciation and enhanced returns through strategic lease restructuring.
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