550 W Lacey Blvd - Fast Food FOR SALE


Hanford, CA 93230
$1,920,000 USD
714-849-5947
550 W Lacey Blvd, Hanford, CA for Sale
$1,920,000 USD
Fast Food - FOR SALE
1/18
null | 5% Cap Rate

550 W Lacey Blvd
Hanford, CA 93230


HIGHLIGHTS

  • CORPORATE GUARANTEE – The property is operated by Starbucks corporate and is backed by a full corporate guarantee, providing strong credit tenancy.
  • RENTAL INCREASES – The lease features 10% rental increases at each 5-year option period, providing long-term growth and a hedge against inflation.
  • HIGH-TRAFFIC AREA – The subject property benefits from excellent visibility along W Lacey Blvd and N 11th Ave, major arterial that sees 18,000+ VPD.
  • FAVORABLE DRIVE-THRU FORMAT – Average Starbucks store sales are approximately 50% higher at locations that include a drive-thru component.
  • MARKET-DOMINANT COFFEE CHAIN – Starbucks is the world’s largest coffeehouse chain, operating approximately 40,000 locations across 84 countries.
  • EXCELLENT LOCATION – Located in Hanford, the most populous city in Kings County, the property sits within a dense retail corridor.

OVERVIEW

*Additional Starbucks available from same owner located at 111 San Felipe Rd, Hollister, CA 95023* Prime Net Lease is pleased to present an exceptional opportunity to acquire the fee simple interest in a corporately guaranteed Starbucks located in Hanford, California, the most populous city in Kings County and a primary commercial hub for the Central Valley region. Originally constructed in 1979 and renovated in 2015, the property consists of a 2,013-square-foot drive-thru facility situated on a ±0.60-acre parcel, offering investors a stable, low-management net-lease asset. The property is leased to Starbucks Corporation under a Modified Triple Net (NNN) lease with approximately 5.5+ years of remaining primary term, providing reliable near-term cash flow backed by a full corporate guarantee. The lease includes four (4) five-year extension options, each featuring 10% rental increases, delivering durable long-term income growth and built-in protection against inflation. Strategically positioned near the intersection of W Lacey Boulevard and N 11th Avenue, the site benefits from excellent visibility and strong ingress/egress along major arterial roadways carrying 18,000+ vehicles per day. The property’s drive-thru format further enhances performance, capturing a significant share of quick-service demand and aligning with Starbucks’ highest-performing store model. Located within a dense and established retail corridor, the property is surrounded by national tenants including CVS, Mister Car Wash, 7-Eleven, Staples, Smart & Final, McDonald’s, and Burger King, generating consistent consumer traffic and reinforcing long-term tenant demand. Supported by Starbucks’ position as the world’s largest coffeehouse chain, operating approximately 40,000 locations across 84 countries, this offering represents a high-quality, low-risk net-lease investment in a proven Central Valley market.

FOR SALE DETAILS

PRICE

$1,920,000 USD

PRICE/SF

$950 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

18,000+ VPD | Corporate Guarantee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

CN CT

APN/PARCEL ID

010-510-002-000

ASK ABOUT THIS PROPERTY

Adrian StepienPrime Net LeaseMore Info
714-849-5947

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Adrian StepienPrime Net LeaseMore Info
714-849-5947

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.