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Restaurant

Farmer Boy's

43408 10th St W, Lancaster, CA 93534

Listing Price: $1,835,000

Cap Rate
5.08%
Tenant Name
Farmer Boy's
Years Remaining On Lease
8.8
Gross SF
3,200
Guarantor
Corporate Guarantee
Rentable SF
3,200
Price/Gross SF
$573.44
Lease Type
Absolute Net
Rent Per Square Feet
$31.61

Investment Overview

The subject property is an attractive Farmer Boy’s restaurant located as a pad building within the Lancaster Town Center, a ±295,452 s.f. power shopping center in Lancaster, California. Approximately 9 year remaining on corporate lease with 10% fixed rent increases every 5 years. The subject property is situated on approximately 40,437 square feet of land at the signalized intersection of 10th Street West and West Avenue K-4. The anchor tenants within Lancaster Town Center are Lowe’s Home Improvement and Winco Foods with pad buildings occupied by retailers such as CVS, Chili’s and Panera Bread that are located within this center. The city of Lancaster, located 70 miles north of Los Angeles in a region known as the Antelope Valley. Current population is reported at 174,402 within a 5-mile radius of the subject property with an Average Household Income of $82,625 within the same radius. Founded by the five Havadjias brothers, the first Farmer Boys restaurant opened its doors in Perris, California in 1981. There is now over +/-100 Farmer Boys restaurants at locations all over Southern and Central California, Nevada and Arizona.

Investment Highlights

  • Approximately 9 years remaining on corporate ground lease
  • 10% rent increases every 5 years
  • Building equipped with ample parking and drive-thru windows
  • Property is located within Lancaster Town Center; a local retail hub

Exclusively Listed By

Restaurant

Farmer Boy's

Listing Price: $1,835,000

Cap Rate
5.08%
Tenant Name
Farmer Boy's
Years Remaining On Lease
8.8
Gross SF
3,200
Guarantor
Corporate Guarantee
Rentable SF
3,200
Price/Gross SF
$573.44
Lease Type
Absolute Net
Rent Per Square Feet
$31.61

Investment Highlights

  • Approximately 9 years remaining on corporate ground lease
  • 10% rent increases every 5 years
  • Building equipped with ample parking and drive-thru windows
  • Property is located within Lancaster Town Center; a local retail hub

Investment Overview

The subject property is an attractive Farmer Boy’s restaurant located as a pad building within the Lancaster Town Center, a ±295,452 s.f. power shopping center in Lancaster, California. Approximately 9 year remaining on corporate lease with 10% fixed rent increases every 5 years. The subject property is situated on approximately 40,437 square feet of land at the signalized intersection of 10th Street West and West Avenue K-4. The anchor tenants within Lancaster Town Center are Lowe’s Home Improvement and Winco Foods with pad buildings occupied by retailers such as CVS, Chili’s and Panera Bread that are located within this center. The city of Lancaster, located 70 miles north of Los Angeles in a region known as the Antelope Valley. Current population is reported at 174,402 within a 5-mile radius of the subject property with an Average Household Income of $82,625 within the same radius. Founded by the five Havadjias brothers, the first Farmer Boys restaurant opened its doors in Perris, California in 1981. There is now over +/-100 Farmer Boys restaurants at locations all over Southern and Central California, Nevada and Arizona.

Exclusively Listed By

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