US Foods | Chef'store ("BB+/Stable") — Sale in Visalia, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Property
  • Location: Visalia, CA 93277

Photos

US Foods | Chef'store ("BB+/Stable") — Sale in Visalia, CA, photo 1 of 3
US Foods | Chef'store ("BB+/Stable") — Sale in Visalia, CA, photo 2 of 3
US Foods | Chef'store ("BB+/Stable") — Sale in Visalia, CA, photo 3 of 3

Investment Figures

Cap rate
6.35%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The subject is a single tenant US Foods | Chef'store operating under the original 15-year lease with over 10-years remaining. The property is located in a prominent shopping center anchored by Costco & Lowe’s at the corner of S. Mooney Blvd & Visalia Parkway. There are 7.5% Rent Increases every 5-years & 10% rent increases at each of the 4, 5-year option periods. The lease is corporately guaranteed by US FOODS, INC. (NYSE: USFD) with $39 Billion in annual revenue and $4 Billion net worth. CHEF’STORE by US Foods consists of 97 locations covering 14 states. US FOODS, INC. is rated “BB+ / Stable” by S&P and “Ba2” by Moody’s. The subject property is situated in a synergistic retail shopping center anchored by Costco & Lowe’s with an abundance of national tenants in the immediate trade area, including: Costco, Lowe’s, Walmart, Burlington, Dick’s Sporting Goods, Hobby Lobby, Target, Best Buy, Michael’s, PetSmart, Home Goods, Raising Cane’s, Sportsman’s Warehouse, Ashley Furniture, Panera Bread, Chipotle, Barnes & Noble, Starbucks, and many more. There are strong demographics in the region with average household incomes of $90,626 within a 1-Mile radius and 162,712 residents within a 5-Mile radius of the subject property. Investment Highlights: • Corporate Lease: US FOODS, INC. (NYSE: USFD) | $39 Billion in annual revenue • Original 15-Year Lease with Over 10-Years Remaining • Synergistic Retail Hub Location Shadow-Anchored by Costco & Lowe's

Market Context

This retail in Visalia, CA is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Visalia, CA — view the full market.

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Questions to ask the broker

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  • What is the asking price?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

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