Downtown Visalia Investment Opportunity available. Unique former theatre located in heart of Visalia's vibrant Downtown District. Proposed tenant ready to go!
Provisions of proposed lease require a TI Allowance of $300,000 and a promissory note to Tenant in the amount of $600,000 for buildout. 3 year note maturity with 10% interest. Note payments begin 1 year after Lease signing or 1 month after tenant opens business, whichever is sooner. This investment comes with a 10% cap rate once completed.