Raising Cane's | 12666 Studebaker Rd
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Raising Cane's 12666 Studebaker Rd
3,705 SF Retail Building Norwalk, CA 90650 $14,039,777 CAD ($3,789 CAD/SF) 4.50% Cap Rate
Investment Highlights
- Trophy Los Angeles County Net Lease Investment - Brand-new Raising Cane’s 2024 construction drive-thru on an oversized parcel
- Desirable Urban Los Angeles Demographics - 3-mile radius contains a population of over 245,000 people and average household incomes of over $112,000
- Unmatched Transit Location - Immediate proximity to the Interstate 105 terminus and 605 interchange gives the site ideal access to several on/off ramp
- State of the Art Design - The site benefits from a double drive-thru and a ±3,705 sq. ft. structure with significant parking
- Optimal Lease Structure - Contains a 15-year absolute NNN corporate guaranteed ground lease with no landlord responsibilities
- Synergistic Commercial Corridor - One block away from Costco and Stater Bros shopping centers and nearby several national retail tenants
Executive Summary
Brand-New Construction Raising Cane's 15-Year Absolute NNN Ground Lease
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,705 SF
Building Class
B
Year Built
2024
Construction Status
Under Construction
Price
$14,039,777 CAD
Price Per SF
$3,789 CAD
Cap Rate
4.50%
NOI
$632,106 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
1.51 AC
Zoning
NOC1 - Commercial
Parking
41 Spaces (11.07 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Corner Lot
- Freeway Visibility
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 8050-032-032 | Improvements Assessment | $3,445,680 CAD |
| Land Assessment | $3,937,920 CAD | Total Assessment | $7,383,600 CAD |
PROPERTY TAXES
Parcel Number
8050-032-032
Land Assessment
$3,937,920 CAD
Improvements Assessment
$3,445,680 CAD
Total Assessment
$7,383,600 CAD
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Power Broker Patrick Wade -
Power Broker Alex Kozakov -
Matthew Greenberg -
Jack Webber -
Bo Henderson -
Vivian Tran -
CBRE, Inc.
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Raising Cane's | 12666 Studebaker Rd
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