Listed by Hanley Investment Group
$4,970,000
Shops Save Mart & CVS Pharmacy | Kingsburg, CA
Details
APN 39422015, 39422017, 39422018
Property Type Retail
Sub Type Storefront
Square Footage 11,300
Net Rentable (SqFt) 11,300
Cap Rate 6%
NOI $298,201
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $440
Broker Co-Op Yes
Year Built 2000
Buildings 1
Stories 1
Acreage 1.050
Shops to Dominant Save Mart (Top 10% in Chain Nationwide) and CVS Pharmacy
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/Shopsto_SaveMart_CVS
Investment highlights
- 100%-Occupied Shops to Save Mart (Top 10% Nationwide) & CVS Pharmacy-Anchored Center with Long-Term Historical Occupancy:
- Fully Occupied Daily Needs Tenant Mix – Port of Subs, Little Caesars Pizza, Shear Magic Salon, Poly Foot Reflexology, Koji’s Bento 2 Go, and Anytime Fitness
- Below-Market Rents with Annual Rent Increases: The average shop rent is $2.14 PSF; Anytime Fitness signed a new lease in 2022 for 3,600 square feet at $2.32 PSF
- Outstanding Co-Tenant Lineup in High-Performing Grocery and Drug-Anchored Center: National tenants in the shopping center include Save Mart (top 10% nationwide per Placer.ai), CVS Pharmacy, AutoZone, Starbucks, and Carl’s Jr.
- Excellent Visibility Along Primary Retail Corridor: Located at the signalized intersection of Sierra Street and 10th Avenue (26,000 CPD)
- Affluent and Growing Demographics: Average household income of over $108,000 in a 3-mile radius. The number of households has increased by over 9.38% in a 1-mile radius over the past 10 years
- Located in One of California’s Strongest Agricultural Economies: Kingsburg is ranked #2 “Best Places to Live in the Fresno Area” – Niche (2025)
- Central Valley Location: California’s Central Valley has one of the world’s largest economies and is located within four hours of 90% of the state’s population
Listing Contacts
Listed by Hanley Investment Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$298,201.00
$24,850.08/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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