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Raising Cane's 18600 Gridley Rd

3,207 SF Retail Building Artesia, CA 90701 $10,705,000 ($3,338/SF) 4.25% Cap Rate

Retail Buildings California Artesia 18600 Gridley Rd, Artesia, CA 90701

Investment Highlights

  • Exceptional location across from the Los Cerritos Mall, the region’s most prestigious shopping center
  • Long term, 15 year lease with increases throughout
  • Dense, infill location
  • Passive investment with no landlord responsibilities
  • High barriers to entry for drive-thrus, especially in the adjacent city of Cerritos
  • Best-in-class tenant

Property Facts

Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,207 SF
Building Class
B
Year Built
2023
Price
$10,705,000
Price Per SF
$3,338
Cap Rate
4.25%
NOI
$455,000
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Slab To Slab
12’
Building FAR
0.05
Land Acres
1.38 AC
Zoning
ATCG*
Parking
73 Spaces (22.76 Spaces per 1,000 SF Leased)
Frontage
302 FT on 186th St

Amenities

  • Bus Line
  • Corner Lot
  • Pylon Sign
  • Signage

Links

1 of 1
Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Kabuki Japanese Restaurant
Baja Fresh
The Halal Guys
Chase Bank
Island Pacific Supermarket
MOD Pizza
Bank of America
P.F. Chang's
Starbucks
Lazy Dog Restaurant & Bar

PROPERTY TAXES

Parcel Number 7039-008-037 Improvements Assessment $1,508,759
Land Assessment $5,222,634 Total Assessment $6,731,393

PROPERTY TAXES

Parcel Number
7039-008-037
Land Assessment
$5,222,634
Improvements Assessment
$1,508,759
Total Assessment
$6,731,393
(213) 298-3593

  • Listing ID: 27972538

  • Date on Market: 3/14/2023

  • Last Updated:

  • Address: 18600 Gridley Rd, Artesia, CA 90701

More public record information on 18600 Gridley Rd, Artesia, CA 90701

The Retail Property at 18600 Gridley Rd, Artesia, CA 90701 is currently available For Sale. Contact Newmark for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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Raising Cane's | 18600 Gridley Rd
(213) 298-3593 x

Raising Cane's | 18600 Gridley Rd

1/3

William Bauman

(213) 298-3593

(213) 298-3593

Kyle Miller

(213) 298-3597

(213) 298-3597

Peter Spragg

(213) 298-3594

(213) 298-3594

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