For Sale
$1,800,000

71 Hanford Armona RdLemoore, CA 93245

Prime Lemoore location, high-traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a thriving Quick Service Restaurant (QSR) in Lemoore, California. The 2,496 square foot building, constructed in 1985 and extensively renovated in 2021, sits on a 0.86-acre lot at 71 E Hanford Armona Rd, 93245. The property boasts a strong lease structure, operating under a NNN lease with 10% rent bumps every five years. The asking price is $1,800,000, translating to $722.12 per square foot. This owner-user investment benefits from its strategic location near a major intersection, drawing significant traffic. The property's proximity to a large military base (Lemoore Naval Air Station), numerous schools (including Mary Immaculate Queen School, Cinnamon Elementary, Meadow Lane Elementary, and Liberty Middle School), and over 500 apartments ensures a substantial and consistent customer base. Furthermore, the property enjoys the advantage of being within walking distance of other popular establishments such as Dutch Brothers Coffee, McDonald's, Jack in the Box, KFC, and Dollar Tree. The property's excellent condition and prime location make it an attractive investment opportunity with significant potential for future growth and return. The APN is 021-310-002-000 and the sale is structured to accommodate a 1031 exchange.

Highlights

  • Recently sold comparable Foster's Freeze in Kern County fetched $3,800,000 in June 2022, despite having 20-year-old equipment and requiring remodeling.
  • This property is in excellent condition.

Property Details for 71 Hanford Armona Rd

Property type
Retail properties
Square Feet
2,496 SF
Year Built/Renovated
1985/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
37,462 SF

Location Insight

City
Lemoore
County
Kings
State
California
Latitude
36.313320539123
Longitude
-119.77999451546
71 Hanford Armona Rd, Lemoore, California

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71 Hanford Armona Rd
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