Raising Cane's
Raising Cane's
Marketing description
The Newmark Retail Capital Markets team is pleased to present the opportunity to acquire a brand new Raising Cane’s located in the city of Artesia, directly across the street from the 1.4 million square foot Los Cerritos Mall.
The location and tenant represent a “best-in-class” opportunity for investors seeking strong infill, single tenant properties in the Los Angeles Metro market. The subject property is situated in the heart of a thriving trade area across the street from the region’s most prestigious mall anchored by Nordstrom, Macy’s, Dick’s Sporting Goods, Harkins Theatres, and many more.
The immediate trade area represents the most affluent submarket in the mid cities with average household incomes in excess of $117,000 within a 3-mile radius. Raising Cane’s has strong financials and is a top operator in the quick service restaurant space ensuring the investor long terms stability, no management responsibilities, and steady and reliable cash flow.
Investment highlights
Exceptional location across from the Los Cerritos Mall, the region’s most prestigious shopping center
Passive investment with no landlord responsibilities
Long term, 15 year lease with increases throughout
High barriers to entry for drive-thrus, especially in the adjacent city of Cerritos
Dense, infill location
Best-in-class tenant
Affluent consumer base with average HH incomes in excess of $117,000 per year
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