Northgate Plaza – 1010 N Alta Ave, Dinuba California

$9,775,000
For Sale
Property Type: Commercial

Property Details

  • Year Built: 1972
  • Occupancy: 100%
  • Gross Leaseable Area: 68,600± SF
  • Land Area: 5.41± Acres
  • NOI: $738,643
  • CAP Rate: 7.50%
  • APN: 014-281-012-000

Description

Northgate Plaza has experienced 100% occupancy for over 5 years. In addition to this strong history of stable income, there is only one lease with an expiration date prior to 2022!

This shopping center is well located on Dinuba’s main north/south commercial corridor allowing easy access to the shopping center.

  • Grocery-anchored shopping center
  • 100% occupied for the past 5 years
  • No lease expirations until July 1, 2021
  • NOI increases annually with existing lease increases
  • Several long-term tenants who have been at this location over 15 years
  • National tenants: Family Dollar and Rent-A-Center
  • Located on Alta Ave, which is the main north/south commercial corridor in Dinuba