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485 Betteravia
Santa Maria, CA 93454
Raising Cane's | Santa Maria, CA · Retail Property For Sale
Investment Highlights
- New Construction Single-Tenant Raising Cane’s with Double Drive-Thru |15-year absolute NNN corporate ground lease; zero landlord responsibilities
- Raising Cane’s is one of the fastest growing QSR chains in the U.S., the company has seen system sales more than triple in recent years, to over $2.3B
- A+ Main & Main Intersection | Direct Freeway Accessibility | 49,000 cars per day at the intersection of Betteravia Road & S College Drive
- 10% increases every 5 years during the base term and each of the five 5-year options | New double drive-thru prototype
- The Property is Part of Enos Ranch: New Class-A, 99% Leased, 110-Acre Mixed-Use Development | 6.5 Million Annual Visitors
- Major Shopping Destination for Populous Trade Area | Affluent Demographics | | 132,000 residents with $96,000 AHHI within 5-mile radius
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,172 SF
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.80 AC
Property Taxes
| Parcel Number | 128-078-020 | Improvements Assessment | $4,309,500 |
| Land Assessment | $892,500 | Total Assessment | $5,202,000 |
Property Taxes
Parcel Number
128-078-020
Land Assessment
$892,500
Improvements Assessment
$4,309,500
Total Assessment
$5,202,000
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