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Raising Cane's 18600 Gridley Rd 3,207 SF Retail Building Artesia, CA 90701 $13,807,206 CAD ($4,305.33 CAD/SF) 4.50% Cap Rate
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
Fast Food
Building Size
3,207 SF
Building Class
B
Year Built
2023
Price
$13,807,206 CAD
Price Per SF
$4,305.33 CAD
Cap Rate
4.50%
NOI
$622,008 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Slab To Slab
12’
Building FAR
0.05
Lot Size
1.38 AC
Zoning
ATCG*
Parking
73 Spaces (22.76 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
Walk Score®
Very Walkable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 7039-008-037 | Improvements Assessment | $2,104,077 CAD |
| Land Assessment | $7,283,352 CAD | Total Assessment | $9,387,429 CAD |
Property Taxes
Parcel Number
7039-008-037
Land Assessment
$7,283,352 CAD
Improvements Assessment
$2,104,077 CAD
Total Assessment
$9,387,429 CAD
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Raising Cane's | 18600 Gridley Rd
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