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Raising Cane's | 21yr Remaining Abs NNN 1750 W Olive Ave 5,324 SF Retail Building Burbank, CA 91506 For Sale

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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

Fast Food

Building Size

5,324 SF

Building Class

Year Built

1974

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

Corner Lot
Dedicated Turn Lane
Freeway Visibility

Restaurant
Signage

Drive Thru
Monument Signage

Air Conditioning
Smoke Detector

Accommodation and Food Services
99,999 SF
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Raising Cane's began in the mid-1990s as a chicken-finger restaurant concept built by Todd Graves, starting from a limited-menu idea centered on quality chicken finger meals. The company serves cooked-to-order chicken fingers with Cane's Sauce, crinkle-cut fries, Texas toast, coleslaw, freshly squeezed lemonade, and iced tea, and the business also extends into catering, gift cards and gear, and community partnerships. Raising Cane's has grown into a U.S. restaurant chain with a broad footprint and a focus on food service, branded merchandise, and community support programs. The brand's story also includes a dog namesake and a simple restaurant identity built around a narrow menu and a consistent dining experience.