RAISING CANE'S w/ DR-THRU | 15YR NNN GOUND | 5795 Bickett St
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RAISING CANE'S w/ DR-THRU | 15YR NNN GOUND 5795 Bickett St
3,180 SF Retail Building Huntington Park, CA 90255 $8,111,111 ($2,551/SF) 4.50% Cap Rate
Investment Highlights
- Los Angeles Trophy Location - Generational Opportunity - 15-Year Absolute Net Lease.
- Positioned Along Area’s Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility. Signalized Hard Corner Location.
- 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.
- Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2024 Construction w/ Dual Drive-Thru.
- In 2024, Raising Cane’s is Projected to earn more than $4.5B in Systemwide Sales, eclipse $6 Million in AUV, and finish w/ more than 850 Restaurants.
- 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%.
Executive Summary
Los Angeles Trophy Location - Generational Opportunity | Pad to Brand New Construction Target | Signalized Hard Corner | Directly Across Top 2% Most Visited Home Depot | Extremely Dense Los Angeles Submarket | Brand New 2024 Construction
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,180 SF
Building Class
B
Year Built
2024
Price
$8,111,111
Price Per SF
$2,551
Cap Rate
4.50%
NOI
$365,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.78 AC
Zoning
HPM2 - Manufacturing District
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Raising Cane's
- Retailer
- 3,180 SF
- -
- Triple Net
- Jan 2039
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Raising Cane's | Retailer | 3,180 SF | - | Triple Net | Jan 2039 |
Walk Score ®
Very Walkable (73)
Nearby Major Retailers
1 of 12
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RAISING CANE'S w/ DR-THRU | 15YR NNN GOUND | 5795 Bickett St
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