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Raising Cane's

$6,774,000

239 West Nuevo Road, Perris, CA 92571

Active
Last Updated: 01/31/2025

4.65

Cap Rate

315,000

NOI

Details:
Cap Rate:    4.65%
NOI:    $315,000
Building Size:    3,831 sqft
Lot Area:    1.51 acres
Lease Type:    Ground
Year Built:    2025
Tenancy:    Single
Highlights:
  • 15.5-year absolute NNN ground lease with 10% rental increases every 5 years (rent commenced 1/1/25)
  • Brand-new 2025 build-to-suit construction with double drive-thru
  • Zero landlord maintenance or expense obligations make this a truly “hands-off” investment
  • Large lot size – 1.51 acres
  • Nearby Perris Marketplace – top 5% ranked shopping center in the U.S. based on number of annual visits (5M) per Placer.ai
  • Major national tenant that drive traffic to the immediate trade area include Walmart, ALDI, Food 4 Less, and Stater Bros
Description:

A 15.5-year absolute NNN ground lease Raising Cane’s featuring 10% rental increases every 5 years throughout the base term and option periods. The subject property benefits from significant frontage on W Nuevo Road (~30,000 VPD) and is nearby Perris Marketplace – a top 5% ranked shopping center in the U.S. in terms of annual visits per Placer.ai.

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Documents:
Title
RaisingCanes_PerrisCA.pdf
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