101 E Main Street

Description

Currently occupied by a local brewery and regional bank, the retail buildings have proven excellent homes for both tenants. The NNN brewery has recently renewed its lease until 2030, with extension options. The side-by-side retail properties are nestled on the corner of a downtown, lighted intersection with a combined surplus of over 18,400 vehicles driving by daily. Besides the high traffic and visibility, the assets are also within a highly walkable area. Visalia, a beautiful, scenic city between Fresno and Bakersfield, is home to many local, eclectic dining and shopping options and the College of the Sequoias - a public, two-year community college. The Downtown Visalia submarket has minimal side supply pressures, further enabling savvy investments in historic buildings. Rents have steadied at a 4.1% increase from where they were a year ago. The number of jobs in the market has also increased by 3.3% in the past year, correlated with the public college's ever-growing workforce pool and valuable location for locals. There are 134,342 residents living within five miles of the property - nearly a quarter of them have a bachelor's degree or higher.