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29393934
29393935

5795 Bickett St, Huntington Park, CA 90255

AM
TX 0606255, CA 01391653
Marcus & Millichap - San Diego
JT
CA 02031343
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$8,111,111
132 days on market
Updated 4 days ago

RAISING CANE'S w/ DR-THRU | 15 YEAR ABSOLUTE NET GOUND LEASE

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 3,180
Cap Rate 4.5%
NOI $365,000
Tenancy Single
Brand/Tenant McDonald's, Chick-fil-A (+5)
Lease Type Absolute NNN
Lease Expiration 01/30/2039
Remaining Term 12.7
Rent Bumps Yes
Class A
Year Built 2024
Acreage 0.780
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Retail | 4.50% CAP | 3,180 SqFt

Marketing description

PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:

https://themansourgroup.com/properties/310368/raising-canes

Investment highlights

  • Los Angeles Trophy Location - Generational Opportunity - 15-Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2024 Construction w/ Dual Drive-Thru.

  • Positioned Along Area’s Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility. Signalized Hard Corner Location w/ Daily Combined Traffic Counts Exceeding 34k Vehicles.

  • In 2024, Raising Cane’s is Projected to earn more than $4.5 Billion in Systemwide Sales, eclipse $6 Million in AUV, and finish with more than 850 Restaurants.

  • The Site benefits from its Proximity to Major Highways and Public Transportation, making it Relatively Accessible to the Greater Los Angeles Metropolitan Area.

  • Pad to a Brand New Construction Target - Recent Grand Opening. The Home Depot, Located Across the Street, is in the Top 2% of Most Visited Home Depot Stores featuring over 1.55 Million Annual Visitors per Placer.ai.

  • Extremely Dense Los Angeles Submarket with over 1M People Residing in a 5-mile Radius. By 2025, the Population is Expected to Increase by 2.75% to an Estimated 19.4M People.

  • In Close Proximity to Interstate 710, 110, and Near other High-Traffic Highways providing Easy Connectivity to the Entire Metro Los Angeles Region.

  • Across all Industries & Sectors, the Greater Los Angeles Region is Responsible for more than $1 Trillion in Economic Output Annually - 3rd Largest Metro Economy in the World.

  • Across from Huntington Park High School - Providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

  • PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:

  • https://themansourgroup.com/properties/310368/raising-canes

Listing Contacts

AM
TX 0606255, CA 01391653
Marcus & Millichap - San Diego
JT
CA 02031343
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$365,000.00
$30,416.67/mo

Valuation Metrics

0
DSCR
4.5%
Cap Rate
4.5%
ROI

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