18600 Gridley Rd - Freestanding FOR SALE
Artesia, CA 90701 |
$10,705,000 USD
213-298-3593
18600 Gridley Rd
Artesia, CA 90701
HIGHLIGHTS
- Exceptional location across from the Los Cerritos Mall, the region’s most prestigious shopping center
- Passive investment with no landlord responsibilities
- Long term, 15 year lease with increases throughout
- High barriers to entry for drive-thrus, especially in the adjacent city of Cerritos
- Dense, infill location
- Best-in-class tenant
FOR SALE DETAILS
PRICE
$10,705,000 USD
PRICE/SF
$3,338 USD /SF
CAP RATE
4.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Raising Cane's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
73
LAND DETAILS
LAND ACRES
1.38 AC
LAND SF
60,113 SF
ZONING
ATCG*
APN/PARCEL ID
7039-008-037
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213-298-3593
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213-298-3593
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