Drive-Through Restaurant
840 N Main St Corona, CA 92880
840 N Main St, Corona, CA, 92880
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For Sale
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Newly constructed Raising Cane’s drive-thru restaurant is offered as a net leased, leased-fee interest property.
Days on Market103
Property Features for 840 N Main St
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
Patrick R. Luther, CCIM · License #CA License No. 01912215
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 5:43AM Checked: Jul 22 at 5:43AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
The property is a newly constructed, net leased drive-through restaurant featuring a double drive-thru configuration. The offering includes the leased fee interest (land ownership) with a brand new lease signed by the corporate entity.
The site is located within Parkridge Plaza in Corona, California, near the signalized hard-corner intersection of W. Parkridge Avenue and N. Main Street. The remarks cite an average combined 41,700 vehicles passing by daily, along with proximity to the on/off ramps for Interstate 15 and State Highway 91.
The lease is structured as NNN and includes 10% increases every 5 years during the initial term and at the beginning of each option period, along with extensions consisting of three 5-year options and one additional 4-year option. The property also benefits from significant street frontage and multiple large monument signs.
The site is located within Parkridge Plaza in Corona, California, near the signalized hard-corner intersection of W. Parkridge Avenue and N. Main Street. The remarks cite an average combined 41,700 vehicles passing by daily, along with proximity to the on/off ramps for Interstate 15 and State Highway 91.
The lease is structured as NNN and includes 10% increases every 5 years during the initial term and at the beginning of each option period, along with extensions consisting of three 5-year options and one additional 4-year option. The property also benefits from significant street frontage and multiple large monument signs.
Key Highlights
- Newly constructed Raising Cane’s drive‑thru is offered as a net leased, leased‑fee interest property.
- Raising Cane’s Restaurants, L.L.C. signed a brand new 15‑year lease with 3 (5‑year) options and one additional 4‑year option.
- Lease provides 10% increases every 5 years during the initial term and at the beginning of each option period.
Property Analytics
Location Intelligence
Current Use by Public Records
Raising Cane's Chicken ...
Restaurant
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FAQs
What type of property is this?
Drive through restaurant - Newly constructed Raising Cane’s drive-thru restaurant is offered as a net leased, leased-fee interest property.
Where is this drive through restaurant located?
The property is located at 840 N Main St Corona, CA.
What are key features of this property?
This property features: Newly constructed Raising Cane’s drive‑thru is offered as a net leased, leased‑fee interest property.; Raising Cane’s Restaurants, L.L.C. signed a brand new 15‑year lease with 3 (5‑year) options and one additional 4‑year option.; Lease provides 10% increases every 5 years during the initial term and at the beginning of each option period.
