480-221-4221
1750 W Olive Ave, Burbank, CA for Sale
Fast Food - FOR SALE
1/10
null | Request Cap Rate

1750 W Olive Ave
Burbank, CA 91506


HIGHLIGHTS

  • 22 Years Remaining | Corporate Signed | Scheduled Rental Increases | Options To Extend
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • State-of-the-Art 2022 Construction | Drive-Thru Equipped |Stellar Sales Volumes
  • Hard Corner Intersection | Near Interstate 5 (221,000 VPD) | Excellent Visibility & Access | Monument Sign
  • Rare Los Angeles County Retail Opportunity | Tourism Traffic | “Media Capital of the World” | High Barriers To Entry
  • Strong Demographics In 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a freestanding, absolute NNN, drive-thru equipped, Raising Cane’s investment property located in Burbank, CA (Los Angeles County). The tenant, Raising Cane’s Restaurants, LLC, has approximately 22 years remaining on its 25-year ground lease with 1 (5-year), 1 (4-year), and 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The property opened for business in June 2022 and features Raising Cane’s latest prototype. The asset is subject to one of the longest initial term QSR offerings to ever become available in Southern California.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane's | 22yr Remaining Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,407 SF

ZONING

BUC2*

APN/PARCEL ID

2444-011-017

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.