239 West Nuevo Rd Perris, CA 92571
Property Features for 239 West Nuevo Rd
General Information
- Lot size
- 1.50 Acres
Building Details
- Year built
- 2024
Source:
Cppcre
Listing Agent: John Andreini
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
NNN Ground Lease Raising Cane's
This property features a 15.5-year absolute NNN ground lease with Raising Cane’s, including 10% rental increases every 5 years throughout the base term and option periods. Rent commenced on January 1, 2025. The property is a brand-new 2025 build-to-suit construction with a double drive-thru. As a truly “hands-off” investment, there are zero landlord maintenance or expense obligations. The lot size is large, at 1.51 acres. The subject property benefits from significant frontage on W Nuevo Road, with approximately 30,000 vehicles per day. It is also located near Perris Marketplace, a top 5% ranked shopping center in the U.S. based on annual visits per Placer.ai. Major national tenants that drive traffic to the immediate trade area include Walmart, ALDI, Food 4 Less, and Stater Bros.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Perris
- County
- Riverside
- State
- California
- Longitude
- -117.224559
- Latitude
- 33.8000039
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - 15.5-year absolute NNN ground lease with rental increases.
Where is this drive through restaurant located?
The property is located at 239 West Nuevo Rd Perris, CA.
What are key features of this property?
This property features: - 15.5-year absolute NNN ground lease with Raising Cane's for a long-term, stable income stream.; - 10% rental increases every 5 years throughout the base term and option periods, offering increasing returns.; - Brand-new 2025 build-to-suit construction with double drive-thru.