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Raising Cane's 18600 Gridley Rd

3,207 SF Retail Building Artesia, CA 90701 £8,446,245 (£2,634/SF) 4.25% Net Initial Yield

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 Sold
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,207 SF
Building Class
B
Year Built
2023
Price
£8,446,245
Price Per SF
£2,634
Net Initial Yield
4.25%
NOI
£358,995
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Slab to Slab
12 ft
Building FAR
0.05
Land Acres
1.38 AC
Zoning
ATCG*
Parking
73 Spaces (22.76 Spaces per 1,000 SF Leased)
Frontage
302 ft on 186th St

Amenities

  • Bus Route
  • Corner Lot
  • Pylon Sign
  • Signage

Links

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Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Kabuki Japanese Restaurant
The Halal Guys
Baja Fresh
Chase Bank
Island Pacific Supermarket
MOD Pizza
Bank of America
P.F. Chang's
Starbucks
Cheesecake Factory

PROPERTY TAXES

Parcel Number 7039-008-037 Improvements Assessment £1,191,935
Land Assessment £4,125,933 Total Assessment £5,317,868

PROPERTY TAXES

Parcel Number
7039-008-037
Land Assessment
£4,125,933
Improvements Assessment
£1,191,935
Total Assessment
£5,317,868
(213) 298-3593

  • Listing ID: 27972538

  • Date on Market: 14/03/2023

  • Last Updated:

  • Address: 18600 Gridley Rd, Artesia, CA 90701

The Retail Property at 18600 Gridley Rd, Artesia, CA 90701 is currently available For Sale. Contact Newmark for more information.

Nearby Listings

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© 2024 CoStar Group

Raising Cane's | 18600 Gridley Rd
(213) 298-3593 x

Raising Cane's | 18600 Gridley Rd

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William Bauman

(213) 298-3593

(213) 298-3593

Kyle Miller

(213) 298-3597

(213) 298-3597

Peter Spragg

(213) 298-3594

(213) 298-3594

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