Former Big Lots
Former Big Lots - Re-Positioning Opportunity
Marketing description
The Snyder Carlton National Net Lease Team is pleased t offer investors the opportunity to acquire a vacant big box retail asset in Hanford, CA. The 28,121 SF former Big Lots is positioned on a large 2.7-acre parcel on the hard corner signalized intersection of S 11th Avenue and W 5th Avenue. The property is adjacent to California State Route 198 which sees over 32,100 VPD and is positioned between Hanford’s downtown area and the 12th Avenue Retail Corridor, the busiest retail trade area in the county. The 12th Avenue retail corridor is home to the 500,000 SF Hanford Mall and numerous national retailers including The Home Depot, Lowe’s Home Improvement, Walmart Supercenter, Target, McDonald’s, In-N-Out Burger, Panera Bread, Starbucks, Chipotle and more. Additionally, the subject property is half a mile from the 173-bed Adventist Health Hanford Hospital and the Smart & Final! Anchored Hanford Town Center. Don’t miss out on this opportunity to purchase a vacant big box retail asset in California’s Central Valley offering value add potential for a savvy investor.
Investment highlights
• Value-Add Deal – Potential for Lease-Up or Redevelopment - Zoned Regional Commercial
• 28,121 SF Building on 2.70 Acre Parcel w/Pole Signage – 1978 Construction
• Positioned on the Hard Corner Signalized Intersection of S 11th Ave & W 5th St
• Adjacent to California State Route 198 – 32,100 + VPD – 180 Feet of Highway Frontage
• 0.5 Miles from Hanford Town Center – Smart & Final! Anchored Community Center
• 0.5 Miles from Adventist Health Hanford – 173 Bed General Acute Care Hospital
• 1 Mile from 12th Avenue Retail Corridor – King County’s Busiest Retail Area
• 0.8 Miles from Hanford Mall – Major Tenants Include Kohl’s, Cinemark, JC Penney, Ross &
Urban Air Trampoline Park
• Surrounding National Retailers Include The Home Depot, Lowe’s Home Improvement,
Walmart Supercenter, Target, McDonald’s, In-N-Out Burger, Panera Bread, Starbucks,
Chipotle & More
• Strong Demographics – Population Exceeding 108,500 within a 10-Mile Radius
• Average Household Income Exceeding $91,000 within a 10-Mile Radius
Listing Contacts
Valuation Calculator
Valuation Metrics
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Property History
Tax History
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