239 W Nuevo Rd - Fast Food FOR SALE
Perris, CA 92571 |
$6,774,000 USD
650-678-7200
239 W Nuevo Rd
Perris, CA 92571
HIGHLIGHTS
- 15.5-year absolute NNN ground lease with 10% rental increases every 5 years (rent commenced 1/1/25)
- Brand-new 2025 build-to-suit construction with double drive-thru
- Zero landlord maintenance or expense obligations make this a truly “hands-off” investment
- Large lot size – 1.51 acres
- Nearby Perris Marketplace – top 5% ranked shopping center in the U.S. based on number of annual visits (5M) per Placer.ai
- Major national tenant that drive traffic to the immediate trade area include Walmart, ALDI, Food 4 Less, and Stater Bros
OVERVIEW
A 15-year absolute NNN ground lease Raising Cane’s featuring 10% rental increases every 5 years throughout the base term and option periods. The subject property benefits from significant frontage on W Nuevo Road (~30,000 VPD) and is nearby Perris Marketplace – a top 5% ranked shopping center in the U.S. in terms of annual visits per Placer.ai.
FOR SALE DETAILS
PRICE
$6,774,000 USD
PRICE/SF
$1,768 USD /SF
CAP RATE
4.65%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Raising Cane's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.51 AC
LAND SF
65,776 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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650-678-7200
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650-678-7200
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
