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RAISING CANE'S w/ DR-THRU | 15YR NNN GOUND 5795 Bickett St

3,180 SF Retail Building Huntington Park, CA 90255 £6,407,859 (£2,015/SF) 4.50% Net Initial Yield

Investment Highlights

  • Los Angeles Trophy Location - Generational Opportunity - 15-Year Absolute Net Lease.
  • Positioned Along Area’s Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility. Signalized Hard Corner Location.
  • Pad to a Brand New Construction Target - Recent Grand Opening. The Home Depot, Located Across the Street, is in the Top 2% of Most Visited Home Depot.
  • Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2024 Construction w/ Dual Drive-Thru.
  • In 2024, Raising Cane’s is Projected to earn more than $4.5B in Systemwide Sales, eclipse $6 Million in AUV, and finish w/ more than 850 Restaurants.
  • Extremely Dense Los Angeles Submarket with over 1M People Residing in a 5-mile Radius. By 2025, the Population is Expected to Increase by 2.75%.

Executive Summary

Los Angeles Trophy Location - Generational Opportunity | Pad to Brand New Construction Target | Signalized Hard Corner | Directly Across Top 2% Most Visited Home Depot | Extremely Dense Los Angeles Submarket | Brand New 2024 Construction

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,180 SF
Building Class
B
Year Built
2024
Price
£6,407,859
Price Per SF
£2,015
Net Initial Yield
4.50%
NOI
£288,354
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.78 AC
Zoning
HPM2 - Manufacturing District

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Raising Cane's
  • Retailer
  • 3,180 SF
  • -
  • Triple Net
  • Jan 2039
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Raising Cane's Retailer 3,180 SF - Triple Net Jan 2039

Links

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Walk Score ®
Very Walkable (73)
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

Chase Bank
Superior Grocers
Starbucks
Bank of America
The Buffalo Spot
LA Fitness
Community Bank
Bank of Hope
NORMS
IHOP
(858) 373-3184

  • Listing ID: 32481155

  • Date on Market: 16/07/2024

  • Last Updated:

  • Address: 5795 Bickett St, Huntington Park, CA 90255

The Retail Property at 5795 Bickett St, Huntington Park, CA 90255 is currently available For Sale. Contact The Mansour Group of Marcus & Millichap for more information.

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© 2024 CoStar Group

RAISING CANE'S w/ DR-THRU | 15YR NNN GOUND | 5795 Bickett St
(858) 373-3184 x

RAISING CANE'S w/ DR-THRU | 15YR NNN GOUND | 5795 Bickett St

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Alvin Mansour

(858) 373-3184

(858) 373-3184

Jon Talia

(858) 373-3186

(858) 373-3186

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