SEC. Bear Valley & Apple Valley Rd - Freestanding FOR SALE


Apple Valley, CA 92308
$6,022,000 USD
480-221-4221
SEC. Bear Valley & Apple Valley Rd, Apple Valley, CA for Sale
$6,022,000 USD
Freestanding - FOR SALE
1/8
null | 4.65% Cap Rate

SEC. Bear Valley & Apple Valley Rd
Apple Valley, CA 92308


HIGHLIGHTS

  • New 15 Year Lease | Options To Extend | Scheduled Rental Increases Corporate Guaranteed | Brand New Construction
  • NNN | Leased Fee Ownership | Minimal Landlord Responsibilities
  • New Sprouts-Anchored Retail Development | Dense Retail Corridor 84,600 VPD Intersection | Jess Ranch Marketplace (6.8M+ Visits)
  • Strong Demographics In 5-Mile Trade Area | Area Development

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN, corporate guaranteed, Raising Cane’s investment property located in Apple Valley, California. The tenant, Raising Cane’s Restaurants, LLC, recently signed a brand new 15 year lease with 3 (5-year) options and 1 (4-year) option 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 NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$6,022,000 USD

PRICE/SF

$1,698 USD /SF

CAP RATE

4.65%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane's | New 15yr Corp NNN Grd Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

GC

APN/PARCEL ID

-

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.