71 Hanford Armona Rd Lemoore, CA 93245-2191
- Turn key restaurants
- 2,496 SF
- 0.86 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 71 Hanford Armona Rd
- Year built
- 1985
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.86 lot acres
- Property size
- 2,496 SF
- Property type
- Turn key restaurants
- APN
- 021-310-002-000
- APU
- 21310002000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lemoore
- County
- Kings
- State
- California
- Longitude
- -119.78
- Latitude
- 36.313
- CBSA code
- 25260
- CBSA name
- HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA
