Listed by Marcus & Millichap - San Diego
$8,111,111
RAISING CANE'S w/ DR-THRU | 15 YEAR ABSOLUTE NET GOUND LEASE
Details
APN 6310-016-018
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,180
Cap Rate 4.5%
NOI $365,000
Tenancy Single
Brand/Tenant McDonald's, Chick-fil-A
Lease Type Absolute NNN
Lease Expiration 01/29/2039
Remaining Term 12.6
Rent Bumps Yes
Class A
Year Built 2024
Acreage 0.780
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes
Retail | 4.50% CAP | 3,180 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
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:
Listing Contacts
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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