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New Raising Cane's Near Mall
For Sale
$10,100,000

18600 Gridley Rd., Artesia, CA 90701

Brand new Raising Cane's located across from Los Cerritos Mall.

Days on Market187

Property Features for 18600 Gridley Rd.

General Information

Standard status Active
Property subtype Retail
Listing Agency: RB Realty
Listed By: Bill Bauman · License #CA RE Lic. #00969493
Source: Nmrk
Added: Jan 27 Changed: Jul 6 Last Checked: Aug 1 at 5:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RB Realty

Investment Insights

Based on property information with market context.

This property features a brand new Raising Cane’s restaurant in Artesia, situated directly across the street from the 1.4 million square foot Los Cerritos Mall. The location is in a thriving trade area, near a regional shopping center anchored by Nordstrom, Macy’s, Dick’s Sporting Goods, and Harkins Theatres. The surrounding area is an affluent submarket with average household incomes exceeding $117,000 within a 3-mile radius. The property is subject to a long term, 15 year lease with increases throughout. The location has high barriers to entry for drive-thrus.

Key Highlights

  • Brand new Raising Cane's location across from the 1.4 million sq ft Los Cerritos Mall.
  • Long‑term (15 year) lease with rent increases, providing stable cash flow.
  • Located in a dense, affluent infill location with high barriers to entry for drive‑thrus.

Property Analytics

Current Use

Raising Cane's Chicken ... Restaurant

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,821
Businesses Nearby

Demographics for 90701, CA

16,434
Population
4,657
Households
3.5
Avg Household Size
41
Median Age
32%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
10,271
Density / Sq Mi
$97,712
Median Household Income
$37,448
Median Earnings
$2,276
Median Rent
$763,700
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Brand new Raising Cane's located across from Los Cerritos Mall.
Where is this drive through restaurant located?
The property is located at 18600 Gridley Rd. Artesia, CA.
What is the asking price?
The asking price for this property is $10,100,000.
What are key features of this property?
This property features: Brand new Raising Cane's location across from the 1.4 million sq ft Los Cerritos Mall.; Long‑term (15 year) lease with rent increases, providing stable cash flow.; Located in a dense, affluent infill location with high barriers to entry for drive‑thrus.
More about this property
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