Log In/Sign Up
Your email has been sent.
Raising Cane's | 21yr Remaining Abs NNN 1750 W Olive Ave 5,324 SF Retail Building Burbank, CA 91506 For Sale
INVESTMENT HIGHLIGHTS
- 21 Years Remaining | Corporate Signed | Scheduled Rental Increases | Options To Extend
- State-of-the-Art 2022 Construction | Drive-Thru Equipped |Stellar Sales Volumes
- Rare Los Angeles County Retail Opportunity | Tourism Traffic | “Media Capital of the World” | High Barriers To Entry
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Hard Corner Intersection | Near Interstate 5 (221,000 VPD) | Excellent Visibility & Access | Monument Sign
- Strong Demographics In 5-Mile Trade Area | Six-Figure Incomes
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a freestanding, absolute NNN, drive-thru equipped, Raising Cane’s investment property located in Burbank, CA (Los Angeles County). The tenant, Raising Cane’s Restaurants, LLC, has 21 years remaining on its 25-year ground lease with 1 (5-year), 1 (4-year), and 5 (5-year) options 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 absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The property opened for business in June 2022 and features Raising Cane’s latest prototype. The asset is subject to one of the longest initial term QSR offerings to ever become available in Southern California. Potential Seller Financing Available (3.00%-5.00% Interest Only - Contact Agent for Details).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,324 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.51 AC
Zoning
BUC2* - Commercial Limited Business
Parking
25 Spaces (8.02 Spaces per 1,000 SF Leased)
Frontage
157’ on Olive
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
- Monument Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
A Restaurant that only serves Chicken Fingers? The business plan received the lowest grade in a college class because the professor said it wouldn’t work. When he tried to get loans, the banks said no, but Todd wasn’t giving up. Raising Cane's Chicken Fingers is an American fast-food restaurant chain specializing in chicken fingers founded in Baton Rouge, Louisiana by Todd Graves. Raising Cane’s is active in their Communities, supporting local organizations for causes that are close to their heart — but they can’t do it alone! Get in touch today to help them support their Community.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2444-011-017 | Improvements Assessment | $710,868 |
| Land Assessment | $3,280,937 | Total Assessment | $3,991,805 |
PROPERTY TAXES
Parcel Number
2444-011-017
Land Assessment
$3,280,937
Improvements Assessment
$710,868
Total Assessment
$3,991,805
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Raising Cane's | 21yr Remaining Abs NNN | 1750 W Olive Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.