Property Detail

Description

8% CAP RATE - Positioned in the heart of Hanford’s established industrial corridor, 505 W 6th Street presents a rare opportunity to acquire a stabilized, income-producing asset with long-term upside. The property is currently secured by a 7-year triple net (NNN) lease, offering passive ownership with minimal landlord responsibilities and a strong 8% CAP rate from day one. The lease structure includes scheduled rental increases every two years, providing built-in income growth and an attractive hedge against inflation—ideal for investors seeking both stability and appreciation. Strategically located with convenient access to key transportation routes throughout Kings County and the greater Central Valley, the property benefits from its proximity to major agricultural, distribution, and industrial hubs. Notably, the site appears to offer rail service capability or adjacency, a highly desirable feature for logistics, manufacturing, and bulk distribution users. Hanford continues to see steady demand driven by its central location between Fresno and Bakersfield, lower operating costs compared to coastal markets, and strong ties to agriculture and food processing industries. These fundamentals support long-term tenant retention and future leasing strength.