4634 Candlewood St
Lakewood, CA 90712
Raising Cane's · Commerce de détail Propriété À vendre

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a single-tenant Raising Cane’s property located at 4634 Candlewood Street in Lakewood, California. The Property consists of a 4,014-square-foot building situated on 0.28 acres, ground leased since 2018 under an absolute NNN structure. Raising Cane’s has operated at this location since March 7, 2018, and continues to generate strong sales performance with FY 2024 sales of $12.1 million and rolling 12-month sales of $12.4 million, surpassing the natural percentage rent breakpoint. The lease runs through March 31, 2033, providing approximately 7 years and 3 months of term remaining, with three five-year renewal options for long-term security. Fixed 10 percent rental increases every five years, coupled with percentage rent payments tied directly to sales, create a compelling combination of contractual rent growth and additional upside participation. The Property offers investors durable and growing cash flow supported by both the tenant’s strong operating performance and the long-term stability of the absolute NNN lease structure.