239 W Nuevo Rd - Fast Food FOR SALE
Perris, CA 92571 |
$6,300,000 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
$6,300,000 USD
PRICE/SF
$1,644 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
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
311-050-052
ASK ABOUT THIS PROPERTY
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650-678-7200
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650-678-7200
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