Restaurant

Buffalo Wild Wings Hanford

1699 West Lacey Boulevard, Hanford, CA 93230

Listing Price: $2,030,571

Cap Rate
5.25%
Tenant Name
Buffalo Wild Wings
Years Remaining On Lease
5.80
Lease Type
Absolute Net
Rent Per Square Feet
$23.03

Investment Overview

Marcus & Millichap is pleased to present Buffalo Wild Wings in Hanford, California.

Located on the corner of Lacey Boulevard and 12th Avenue on an outparcel to the Hanford Mall the subject benefits from excellent visiblity from Hanford's primary retail corridor as well as easy access from State Route 198, the primary arterial highway in the region. This location enjoys excellent intrinsic value factors including traffic counts exceeding 32,000 vehicles per day at the intersection the property sits at and national brand co-tenants in every direction.

Hanford is the primary retail hub for all of Kings County, population 150,000, as well as parts of Fresno and Tulare Counties. Naval Air Station Lemoore, the Navys newest and largest Master Jet Base, is just a 10 minute drive from the subject. Hanford and the surrounding are experiencing a high rate of growth due to several factors including increasing commodity prices which have benefited local agricultural producers and new businesses locating in the region, most notably Farraday Future, a manufacturer of luxury electric cars. Farraday Future is in the process of building out a one-million square foot production facility in Hanford and plans to be producing vehicles by the end of 2018.

The subject structure was built in 1994 and substantially remodeled for Buffalo Wild Wings in 2016. The current lease commenced in July of 2016 and extends through June of 2026, with a base rent escalation beginning Year Six and tenant has four, five-year options with rent escalations. The subject is a corporate location operated by Buffalo Wild Wings parent company Blazin Wings, Inc.

Buffalo Wild Wings in Hanford offers an investor the opportunity to acquire a high quality net leased asset in a growth market with considerable remaining term.

Investment Highlights

  • Adjacent to Regional Mall
  • High Visibility Single Tenant Opportunity Located in Regional Retail Hub
  • Corner Location at Busiest Intersection in Trade Area
  • Built-in Rent Escalation
  • Over Eight Years Remaining on Base Term
  • Remodeled in 2016

Exclusively Listed By

Listing Price: $2,030,571

Cap Rate
5.25%
Tenant Name
Buffalo Wild Wings
Years Remaining On Lease
5.80
Lease Type
Absolute Net
Rent Per Square Feet
$23.03

Investment Highlights

  • Adjacent to Regional Mall
  • High Visibility Single Tenant Opportunity Located in Regional Retail Hub
  • Corner Location at Busiest Intersection in Trade Area
  • Built-in Rent Escalation
  • Over Eight Years Remaining on Base Term
  • Remodeled in 2016

Investment Overview

Marcus & Millichap is pleased to present Buffalo Wild Wings in Hanford, California.

Located on the corner of Lacey Boulevard and 12th Avenue on an outparcel to the Hanford Mall the subject benefits from excellent visiblity from Hanford's primary retail corridor as well as easy access from State Route 198, the primary arterial highway in the region. This location enjoys excellent intrinsic value factors including traffic counts exceeding 32,000 vehicles per day at the intersection the property sits at and national brand co-tenants in every direction.

Hanford is the primary retail hub for all of Kings County, population 150,000, as well as parts of Fresno and Tulare Counties. Naval Air Station Lemoore, the Navys newest and largest Master Jet Base, is just a 10 minute drive from the subject. Hanford and the surrounding are experiencing a high rate of growth due to several factors including increasing commodity prices which have benefited local agricultural producers and new businesses locating in the region, most notably Farraday Future, a manufacturer of luxury electric cars. Farraday Future is in the process of building out a one-million square foot production facility in Hanford and plans to be producing vehicles by the end of 2018.

The subject structure was built in 1994 and substantially remodeled for Buffalo Wild Wings in 2016. The current lease commenced in July of 2016 and extends through June of 2026, with a base rent escalation beginning Year Six and tenant has four, five-year options with rent escalations. The subject is a corporate location operated by Buffalo Wild Wings parent company Blazin Wings, Inc.

Buffalo Wild Wings in Hanford offers an investor the opportunity to acquire a high quality net leased asset in a growth market with considerable remaining term.

Exclusively Listed By

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