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Raising Cane's - Baldwin Park, CA

$5,000,000

13602 Francisquito Avenue, Baldwin Park, CA 91706

Active
Last Updated: 11/03/2022

3.4

Cap Rate

170,000

NOI

Details:
Cap Rate:    3.4%
NOI:    $170,000
Building Size:    4,068 sqft
Lot Area:    0.937 acres
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2020
Tenancy:    Single
Gross Leaseable Area:    4,068
Highlights:
  • Long-term absolute NNN lease with no landlord responsibilities
  • New Raising Cane's prototype with two drive-thru lanes
  • Excellent visibility and east of access located at intersection and close proximity to I-10
  • Outparcel to a Target anchored neighborhood shopping center with Food 4 Less
  • Located proximate to a lighter intersection that see over 49,000 VPD
Description:

JLL is pleased to offer for sale the Fee Simple Ground Lease interest in a freestanding single-tenant Raising Cane's (the “Property” or “Asset”) located in Baldwin Park, CA. Raising Cane‘s Restaurants, LLC (the “Tenant”) is the corporate parent of the Raising Cane's chicken empire that has over 540 locations and has been ranked as one of the best and most profitable restaurants in the quick service industry. The Tenant has an Absolute NNN ground lease with no landlord responsibilities and located as an outparcel to the 100% occupied Sierra Shopping Center anchored by Target.

Map:
Documents:
Title
Raising_Canes_-_Baldwin_Park__CA_-_JLL_OM.pdf
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