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Raising Cane's | 21yr Remaining Abs NNN 1750 W Olive Ave 5,324 SF Retail Building Burbank, CA 91506 For Sale
Investment Highlights
- 21 Years Remaining | Corporate Signed | Scheduled Rental Increases | Options To Extend
- State-of-the-Art 2022 Construction | Drive-Thru Equipped |Stellar Sales Volumes
- Rare Los Angeles County Retail Opportunity | Tourism Traffic | “Media Capital of the World” | High Barriers To Entry
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Hard Corner Intersection | Near Interstate 5 (221,000 VPD) | Excellent Visibility & Access | Monument Sign
- Strong Demographics In 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a freestanding, absolute NNN, drive-thru equipped, Raising Cane’s investment property located in Burbank, CA (Los Angeles County). The tenant, Raising Cane’s Restaurants, LLC, has 21 years remaining on its 25-year ground lease with 1 (5-year), 1 (4-year), and 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The property opened for business in June 2022 and features Raising Cane’s latest prototype. The asset is subject to one of the longest initial term QSR offerings to ever become available in Southern California. Potential Seller Financing Available (3.00%-5.00% Interest Only - Contact Agent for Details).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,324 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.51 AC
Zoning
BUC2* - Commercial Limited Business
Parking
25 Spaces (8.02 Spaces per 1,000 SF Leased)
Frontage
157’ on Olive
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Raising Cane's Chicken Fingers started in 1996 when Todd Graves opened a restaurant near Louisiana State University. The company focuses exclusively on chicken finger meals with a small selection of sides. The streamlined menu features hand-battered chicken tenders, fries, coleslaw, and signature sauces. Raising Cane's has expanded across the United States and internationally while maintaining its limited-item concept. The company operates numerous locations and emphasizes a consistent customer experience.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2444-011-017 | Improvements Assessment | $973,889 CAD |
| Land Assessment | $4,494,884 CAD | Total Assessment | $5,468,773 CAD |
Property Taxes
Parcel Number
2444-011-017
Land Assessment
$4,494,884 CAD
Improvements Assessment
$973,889 CAD
Total Assessment
$5,468,773 CAD
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Raising Cane's | 21yr Remaining Abs NNN | 1750 W Olive Ave
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