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Raising Cane's 18600 Gridley Rd 3,207 SF Retail Building Artesia, CA 90701 $10,100,000 ($3,149.36/SF) 4.50% Cap Rate
Investment Highlights
- Exceptional location across from the Los Cerritos Mall, the region’s most prestigious shopping center
- Long term, 15 year lease with increases throughout
- Dense, infill location
- Passive investment with no landlord responsibilities
- High barriers to entry for drive-thrus, especially in the adjacent city of Cerritos
- Best-in-class tenant
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,207 SF
Building Class
B
Year Built
2023
Price
$10,100,000
Price Per SF
$3,149.36
Cap Rate
4.50%
NOI
$455,000
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Slab To Slab
12’
Building FAR
0.05
Lot Size
1.38 AC
Zoning
ATCG*
Parking
73 Spaces (22.76 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
Walk Score®
Very Walkable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 7039-008-037 | Improvements Assessment | $1,538,934 |
| Land Assessment | $5,327,086 | Total Assessment | $6,866,020 |
Property Taxes
Parcel Number
7039-008-037
Land Assessment
$5,327,086
Improvements Assessment
$1,538,934
Total Assessment
$6,866,020
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Raising Cane's | 18600 Gridley Rd
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