Woodlake Town Center: A Diamond In The Central Valley Rough
The city of Woodlake, California, is a tight-knit community located on the east edge of the San Joaquin Valley, nestled beautifully against the base of the Sierra-Nevada mountain range. This tiny town, whose residents are amiable and full of home-town pride, recently experienced an 8.7% increase in assessed property value, the most substantial rise in Tulare County, and the only city to exceed 6%. Extremely tight housing inventory in the area led the city to approve and begin issuing permits for nearly 170 new homes in Woodlake, which represents a 9% increase in housing stock in the city in just two years. As one of the first cities to allow recreational cannabis businesses to operate, it has attracted many cultivators, manufacturers, and retail stores, resulting in hundreds of new jobs, steady economic growth, and significant infrastructure improvements. The convenient central location, growing population, affordability, and attractive setting have made Woodlake a desirable location for several new commercial, industrial, and residential projects over the last several years. Major employers in the central valley such as Bradford Steel, Visalia Citrus Packing Group, US Towers, Monrovia Nursery, Pacific Distributing, and Buttonwillow Warehouse Company have recently expanded or relocated to Woodlake. The town has also caught the attention of national tenants such as Dollar General, Rite-Aid, Auto Zone, Family Dollar, Cricket, and Little Caesars, who have all made long term commitments in the area. Besides the growing population and housing market within city limits, other unincorporated cities in the region rely on Woodlake for almost all of their services and supplies, which include gas, food and grocery, schools, and a variety of professional services. The additional growth expected in the next 1-2 years will put extreme pressure on the very few retail and professional services that are available in the area. Demand for restaurants, lenders, insurance agents, and similar businesses far exceeds that which are currently available in Woodlake.
Que Woodlake Town Center:
Woodlake Town Center is a state of the art, 9,500 square foot commercial building located in the center of town, situated at the "main & main" intersection of Valencia and Naranjo Boulevards. This hard-corner location enjoys the highest traffic counts within the trade area and has multiple points of ingress and egress. Visibility is unsurpassed, making for an excellent opportunity for any retail or office need in the Woodlake community or surrounding area. Woodlake Town Center promises to be a truly unique development with no comparable offerings. The goal of the unique design and layout is to become the main attraction for community events, shopping, and other consumer services. Both the top and bottom levels of the project consist of 4,500 square feet of useable building area and will provide multiple suites for food services, general retail, and office space. The building sits on 33,000 square feet, and the Klassen Corporation, headquartered in Bakersfield, will be responsible for the construction of the site. The Klassen Corporation is responsible for the development of a long list of retail centers, office and industrial buildings, as well as many public-school facilities throughout California, as well as the Woodlake Community Center just around the block from the town center. Permits are issued, and we expect construction to commence in January 2020, with plans for delivery in the summer of 2020.
Did we mention that the Super Taco directly across the street from the town center did more than $1,000,000 in revenue last year? That's a significant number for a taco shop in such a small town. Don't miss your opportunity to capture some business in this growing community.
1,200 - 4,500 SF suites available for lease. Please call Dylan Lym at ASU Commercial for more information and to reserve your space.
Dylan J. Lym
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661-885-6949
