33,359 Square Foot Retail Space For Sale @ 4015 W Caldwell Ave

Kidder Mathews is pleased to offer to qualified investors the opportunity to acquire the 100% fee-interest in the Shops at Visalia Pavilion. This offering represents a unique opportunity to acquire a high-image, quality-constructed asset with a tenant roster comprised of desirable “internet resistant” national, regional and local tenancy in addition to a passive net ground lease (fee ownership) to a highly popular multi-location restaurant chain. The Shops at Visalia Pavilion consists of four (4) buildings totaling ±33,359 SF on five (5) separate land parcels within an extremely high volume WinCo anchored shopping center. Constructed in 2007, the single-story improvements include two (2) multi-tenant freestanding pad buildings, one (1) multi-tenant in-line (adjacent to WinCo) and a freestanding single-tenant building at the prime corner location. Construction for the multi-tenant buildings are primarily wood frame with stucco exteriors enhanced with aluminum frame glazed mullion store fronts with architectural stone elements. The single-tenant restaurant was a build-to-suit for the existing tenant and is highly-improved with wood frame & logs with stained trusses, Hardi-Plank siding and a slate-style concrete roof system. Presently, the asset is 77% occupied by a complimentary mix of twelve (12) national, regional and local tenants occupying space ranging from 1,000 to 6,852 SF. The only two (2) available suites are second generation build-out which will minimize tenant improvement costs. Existing tenancy at the Shops at Visalia Pavilion include an extremely high-volume Starbucks (with drive-thru), Subway, T-Mobile, Great Clips, Papa Murphy’s Pizza, Fast Signs and Caldwell Pet Hospital. Additionally, the offering includes the signalized, hard-corner pad which is ground leased on a long-term basis to the popular Tahoe Joe’s Steakhouse. Neighboring tenants within the larger project and not part of the offering include WinCo, Sonic (drive-thru) and Premier Medical. Notable tenant within the immediate trade-area include Home Depot, Walmart, Costco, Best Buy, Lowes and Dick’s Sporting Goods.