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Raising Cane's | New 15yr Corp NNN Grd Lse SEC Bear Valley Rd 3,546 SF Retail Building Apple Valley, CA 92308 $8,026,540 CAD ($2,263.55 CAD/SF) 4.87% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15 Year Lease | Options To Extend | Scheduled Rental Increases Corporate Guaranteed | Brand New Construction
- New Sprouts-Anchored Retail Development | Dense Retail Corridor 84,600 VPD Intersection | Jess Ranch Marketplace (6.8M+ Visits)
- NNN | Leased Fee Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Area Development
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN, corporate guaranteed, Raising Cane’s investment property located in Apple Valley, California. The tenant, Raising Cane’s Restaurants, LLC, recently signed a brand new 15 year lease with 3 (5-year) options and 1 (4-year) option 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 NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,546 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$8,026,540 CAD
Price Per SF
$2,263.55 CAD
Cap Rate
4.87%
NOI
$390,858 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
11.80 AC
Zoning
GC - General Commercial
Parking
31 Spaces (8.74 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0434-021-37 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,671,768 CAD | Total Assessment | $2,671,768 CAD |
PROPERTY TAXES
Parcel Number
0434-021-37
Land Assessment
$2,671,768 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,671,768 CAD
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Raising Cane's | New 15yr Corp NNN Grd Lse | SEC Bear Valley Rd
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