www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33739541
33773162

7593 Broadway, Lemon Grove, CA 91945

CK
CA CA License No. 00947314, NV NV License No. S.0174447 (+1)
SRS National Net Lease Group
RD
CA 02082187
SRS National Net Lease Group
AP
CA 01493043, IL 475.185957 (+1)
SRS Real Estate Partners San Diego
Listed by SRS National Net Lease Group, SRS Real Estate Partners San Diego
$7,590,000
9 days on market
Updated 7 days ago

Raising Cane's | Lemon Grove, CA

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 3,481
Cap Rate 4.15%
NOI $315,000
Occupancy 100%
Tenancy Single
Brand/Tenant Raising Cane's
Lease Type Absolute NNN
Lease Expiration 08/31/2041
Remaining Term 15.2
Rent Bumps Yes
Lease Options 3 (5-year) & 1 (4-year)
Price per SqFt $2,180
Year Built 2026
Acreage 1.120
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes

New Construction | 15-Year Abs NNN Ground Lease | +200k Population in 3-Miles

Investment highlights

New Construction | 15-Year Ground Lease | Scheduled Rent Increases

  • Raising Cane’s Corporate signed lease
  • New 2026 high-end construction
  • 15 years remaining with 3 (5-year) and 1 (4-year) option periods to extend
  • The lease features 10% rent increases every 5 years throughout the initial term and option periods providing a hedge against inflation

Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities

  • Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
  • No landlord responsibilities
  • Ideal, management-free investment for a passive investor

Strong National Brand | Nationally Ranked

  • Raising Cane’s was founded in 1994 and has since expanded to ~950 locations in 45 states
  • Ranked #16 on QSR Magazine’s 2025 release of its top 50 restaurants based on US system-wide sales, and #3 in the Chicken category

Strategic Location | Robust Traffic | Highly Desirable In-fill San Diego Market

  • Strategically located at the signalized intersection of Broadway and Buena Vista Avenue in Lemon Grove, in a densely populated area surrounded by strong national retail tenants with excellent access and visibility
  • A combined 34,200 cars pass by the site at this intersection on average every day
  • Situated 1 block south of Highway 94 (148,000 VPD)
  • Rare opportunity to acquire retail property in the San Diego MSA within a dense, infill trade area with significant barriers to entry

Affluent, Direct Consumer Base | Strong Demographics In the Immediate Trade Area

  • The 5-mile trade area is supported by more than 514,000 residents and 114,000 employees, providing a direct consumer base from which to draw
  • Affluent trade area with an average household income over $119,000 within 1-mile, projected to increase to over $132,000 by 2030

Local Traffic Drivers

  • Across Broadway from Home Depot (ranked in the top 2% nationwide in terms of customer visits by placer.AI) and Food 4 Less (ranked in the top 26%nationwide)
  • 1 miles south of Helix High School (2,544 students)
  • 2.5 miles north of Mount Miguel High School (1,506 students)

Listing Contacts

CK
CA CA License No. 00947314, NV NV License No. S.0174447 (+1)
SRS National Net Lease Group
RD
CA 02082187
SRS National Net Lease Group
AP
CA 01493043, IL 475.185957 (+1)
SRS Real Estate Partners San Diego
Listed by SRS National Net Lease Group, SRS Real Estate Partners San Diego

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$315,000.00
$26,250.00/mo

Valuation Metrics

0
DSCR
4.15%
Cap Rate
4.15%
ROI

Map

Zoning

Intelligence Badge
GC CommercialGeneral CommercialGeneral Commercial
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 69 uses
View all 69 uses
Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Chuck Klein
License
CA License No. 00947314
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591