13571 Telegraph Rd - Fast Food FOR SALE
Whittier, CA 90605 |
$4,255,000 USD
415-274-2701
13571 Telegraph Rd
Whittier, CA 90605
HIGHLIGHTS
- The offering is a new construction Raising Cane’s on a 15-year corporate executed ground lease, with four, 5-year options to extend
- The lease features 10% rental escalations every 5 years throughout the initial term and option periods
- Raising Cane’s is responsible for the payment of property taxes and insurance, as well as all maintenance and repairs (incl. roof & structure)
- The subject property is equipped with a drive-thru and outdoor patio, and benefits from excellent street visibility
- Raising Cane’s is an outparcel to the TeleMills Plaza shopping center, which features a freestanding WSS retail store, and an unanchored stripcenter
- The subject property is positioned on the signalized intersection of Telegraph Road and Mills Avenue, with multiple points of ingress and egress
OVERVIEW
The subject property is an infill L.A. County Raising Cane's featuring prominent pylon signage, and is equipped with a drive-thru and an outdoor patio. Raising Cane’s has one of the highest AUV’s in the QSR industry. Raising Cane’s, which will be operating more than 875 restaurants by EOY, is a leading QSR brand that has seen 62 consecutive quarters of positive same-store sales growth.
FOR SALE DETAILS
PRICE
$4,255,000 USD
PRICE/SF
$1,342 USD /SF
CAP RATE
4.7%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Raising Cane's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.65 AC
LAND SF
28,314 SF
ZONING
-
APN/PARCEL ID
8157-024-027
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
415-274-2701
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
415-274-2701
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
