Log In/Sign Up
Your email has been sent.
1535 E Second St 4,018 SF Retail Building Beaumont, CA 92223 $3,700,000 ($920.86/SF) 4.76% Cap Rate
Executive Summary
Over 9 years remaining on the original 15-year Ground Lease for Raising Canes. Midterm 10% rent increase in 2030. Absolute NET Lease with no landlord responsibilities.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,018 SF
Building Class
B
Year Built
2020
Price
$3,700,000
Price Per SF
$920.86
Cap Rate
4.76%
NOI
$176,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.98 AC
Zoning
SP - Specific Plan
Parking
20 Spaces (4.98 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Aug 2035
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 | - | - | Triple Net | Aug 2035 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 419-771-009 | Improvements Assessment | $2,703,599 |
| Land Assessment | $508,056 | Total Assessment | $3,211,655 |
Property Taxes
Parcel Number
419-771-009
Land Assessment
$508,056
Improvements Assessment
$2,703,599
Total Assessment
$3,211,655
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1535 E Second St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.