Cool Hand Luke's
Outparcel to IMAX Galaxy Theatre
Marketing description
Transwestern is pleased to present a single tenant investment leased to Cool Hand Luke’s Steakhouse & Saloon in the growing Modesto MSA. The building has a high quality, western theme buildout including a large bar/lounge and outdoor patio. The franchisee operates multiple Cool Hand Luke’s locations and recently acquired this location in 2025. Cool Hand Luke’s has operated at this location since 2008. The site sits along the busy Patterson Road (20,350+ VPD) and is an outparcel to IMAX Galaxy Theatre.
Investment highlights
Passive NN investment with minimal landlord responsibilities (new roof installed in 2024 with 10-year warranty)
Strong operator group with three experienced personal guarantors
Strong retail symmetry from surrounding tenants such as IMAX Galaxy Theatres, Starbucks, Taco Bell, Burger King, CVS and many more.
Uncapped rent increase at next upcoming option in 2028, allowing a new owner to increase cash flow
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