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239 West Nuevo Rd Perris, CA 92571

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For Sale
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15.5-year absolute NNN ground lease with rental increases.

Lot size:
1.50 Acres

Property Features for 239 West Nuevo Rd

General Information

Lot size
1.50 Acres

Building Details

Year built
2024

Source: John Andreini 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

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Perris
County
Riverside
State
California
Longitude
-117.224559
Latitude
33.8000039

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.
More about this property
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