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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 $11,322,462 CAD ($3,560.52 CAD/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
$11,322,462 CAD
Price Per SF
$3,560.52 CAD
Cap Rate
4.50%
NOI
$509,511 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.78 AC
Zoning
HPM2 - Manufacturing District
Parking
23 Spaces (6.56 Spaces per 1,000 SF Leased)
Frontage
210’ on Slauson Avenue
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
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 (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6310-016-018 | Improvements Assessment | $4,268,662 CAD |
| Land Assessment | $1,870,499 CAD | Total Assessment | $6,139,161 CAD |
PROPERTY TAXES
Parcel Number
6310-016-018
Land Assessment
$1,870,499 CAD
Improvements Assessment
$4,268,662 CAD
Total Assessment
$6,139,161 CAD
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RAISING CANE'S w/ DR-THRU | 15YR NNN GOUND | 5795 Bickett St
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