For Sale
$900,000

0 11Th AveHanford, CA 93230

Profitable Restaurant, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a thriving, 100% occupied restaurant in Hanford, California. The free-standing building, situated on a 0.34-acre lot at a hard corner location on N 11th Ave, boasts 2,021 square feet of space. The property includes 22 private off-street parking spaces, a significant advantage in a high-traffic area. The restaurant benefits from impressive grandfathered signage and easy access to the CA-198 Freeway via N 11th Ave. The sale includes the real estate and the existing long-term lease, offering a secure and stable income stream. The property features a fully equipped kitchen with a hood, grease trap, and walk-in refrigerator/freezer. A generous outdoor patio dining area adds to the restaurant's appeal. The asking price is $900,000, representing a price per square foot of $445.32 and a 4.69% cap rate based on a Net Operating Income (NOI) of $42,191. This is a single-tenant, double net (NN+) lease. The property is a single-story building and is part of a thriving commercial area in Hanford. This established and successful restaurant presents a compelling investment opportunity with strong potential for future growth. Serious inquiries only.

Property Details for 0 11Th Ave

Property type
Retail properties, Restaurants
Square Feet
2,021 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Hanford
County
Kings
State
California
Latitude
36.324037467711
Longitude
-119.65519969029
11Th Ave, Hanford, California

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0 11Th Ave
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