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Raising Cane's | Corona, CA 840 N Main St

3,660 SF Retail Building Corona, CA 92878 £5,383,347 (£1,471/SF) 4.25% Net Initial Yield

Investment Highlights

  • 2022 Construction - Double Drive-Thru Lanes
  • NNN Ground Lease - 12.4 Years Remaining
  • 41,746 CPD - Minutes Away from 91 and 15 Freeways
  • Corporate Lease - 750+ Locations
  • Infill, OC Adjacent Location - 266K Residents Within 5-Miles
  • 10% Rental Increases Every 5 Years - Next Increase in 2026

Executive Summary

Corporate Raising Cane’s lease – one of the fastest growing restaurant brands with 750+ locations.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,660 SF
Year Built
2022
Price
£5,383,347
Price Per SF
£1,471
Net Initial Yield
4.25%
NOI
£228,810
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Land Acres
1.29 AC
Zoning
GC - General Commercial
Parking
15.03 Spaces per 1,000 SF Leased

Amenities

  • Corner Lot
  • Freeway Visibility
  • Restaurant
  • Signage
  • Signalised Intersection
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • -

Life at Cane’s is fast, friendly… and fun! To deliver THE PERFECT BOX™, every person — from operator to Crewmember — pitches in wherever needed. There, they’re all Fry Cooks and Cashiers. They take pride in what they do, and never sacrifice quality for speed.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services - - Triple Net -

Links

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Walk Score ®
Very Walkable (76)
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

Alberto's Mexican Food
The Habit Burger Grill
Ono Hawaiian BBQ
Jazzercise
My Gym
Smart & Final
Winco Foods
Wells Fargo Home Mortgage
ALDI
The Brass Tap

PROPERTY TAXES

Parcel Number 122-061-009 Improvements Assessment £2,257,147
Land Assessment £1,213,617 Total Assessment £3,470,765

PROPERTY TAXES

Parcel Number
122-061-009
Land Assessment
£1,213,617
Improvements Assessment
£2,257,147
Total Assessment
£3,470,765
(949) 345-0970

  • Listing ID: 31917261

  • Date on Market: 24/05/2024

  • Last Updated:

  • Address: 840 N Main St, Corona, CA 92878

The Retail Property at 840 N Main St, Corona, CA 92878 is currently available For Sale. Contact CBRE, Inc. for more information.

Nearby Listings

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840 N Main St, Corona, CA for sale Building Photo- Image 4 of 8
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Raising Cane's | Corona, CA | 840 N Main St
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Raising Cane's | Corona, CA | 840 N Main St

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Ian Schroeder

(949) 345-0970

(949) 345-0970

David McNevin

(949) 725-8463

(949) 725-8463

Melissa Ley Marshall

(949) 725-8617

(949) 725-8617

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