Property profile

71 Hanford Armona Rd Lemoore, CA 93245

OFF-MARKET
Turn key restaurants
Property ID
US09-1927537
2,496 SF 0.86 ac lot Built 1985
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1985
Construction TYPE NOT SPECIFIED
Total area 2,496 SF
Lot 0.86 ac (37,462 SF)
APN 021-310-002-000
UPID US09-1927537

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

71 Hanford Armona Rd Lemoore, CA 93245-2191
Lemoore metro Census 405 HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2025
4 recorded transactions
2025
$1.4M
2018
$600,000
2000
Price N/A
1988
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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