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.