Raising Cane's Drive-Through
For Sale
$5,058,824
2299 N Imperial Ave, El Centro, CA 92243
Brand-new facility under a corporate-guaranteed absolute NNN ground lease with scheduled rent increases.
Property Size2,846 SF
Lot Size0.92 Acres
Price / SF$1,777
Days on Market109
Property Features for 2299 N Imperial Ave
General Information
Standard status
Active
Size
2,846 SF
Lot size
0.92 Acres
Property subtype
Restaurant
Net Operating Income
$215,000
Additional Details
Cap Rate
4.25%
Amenities
Zero landlord responsibility with a corporate-backed lease structure, providing fully passive, management-free income with no exposure to operating expenses or capital expenditures.
Newly developed, best-in-class construction with a modern double drive-thru design, minimizing near-term capital risk and appealing to long-term net lease investors.
$215,000 NOI with 10% rental increases every five years, providing predictable income growth and an attractive long-term hedge against inflation.
Strategically located as an outparcel to a Target- and Lowe's-anchored shopping center, offering exceptional visibility, strong traffic drivers, and positioning within El Centro's primary retail hub.
Building Details
Building Size
2,846 SF
Tenancy
Single
Listing Agency:
Orange County Office
(949) 419-3290
Listed By:
Adam Attia · License #License(s): CA: 01520832, HI: RB-22546
(949) 419-3290
Source:
Marcusmillichap
Added: May 14
Changed: Aug 30
Last Checked: Aug 30 at 1:13PM
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 Orange County Office
Investment Insights
Based on property information with market context.
This brand-new Raising Cane’s restaurant occupies a 2,846-square-foot building on a 0.92-acre outparcel in El Centro, California. The improvements include a double drive-thru configuration and are subject to a 15-year absolute NNN ground lease. The lease includes 10% rental increases every five years and assigns landlord responsibilities to the tenant under the stated lease structure.
The property is positioned within a shopping center anchored by Target and Lowe’s, at 2299 N Imperial Ave. Its outparcel placement provides access to the surrounding retail center and places the restaurant within the commercial corridor serving El Centro and the broader Imperial Valley market.
The property is positioned within a shopping center anchored by Target and Lowe’s, at 2299 N Imperial Ave. Its outparcel placement provides access to the surrounding retail center and places the restaurant within the commercial corridor serving El Centro and the broader Imperial Valley market.
Key Highlights
- Raising Cane’s restaurant on a 0.92‑acre outparcel
- 2,846‑square‑foot newly constructed building
- Double drive‑thru configuration
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
613k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 48%
Dining 19%
Shops & Services 9%
Groceries 9%
Walmart
Superstores
116,008 visits/mo
0.4 miles
Costco Wholesale
Superstores
103,842 visits/mo
0.3 miles
Target
Superstores
74,573 visits/mo
0.2 miles
Food 4 Less
Groceries
57,698 visits/mo
0.2 miles
Ross Dress for Less
Apparel
37,633 visits/mo
0.2 miles
Demographics for 92243, CA
49,149
Population
15,908
Households
3.1
Avg Household Size
36
Median Age
16%
College-Educated
74%
High-School Grad
113.3 sq mi
ZIP Area
434
Density / Sq Mi
$55,890
Median Household Income
$31,170
Median Earnings
$992
Median Rent
$286,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Brand-new facility under a corporate-guaranteed absolute NNN ground lease with scheduled rent increases.
Where is this drive through restaurant located?
The property is located at 2299 N Imperial Ave El Centro, CA.
What is the asking price?
The asking price for this property is $5,058,824.
What are key features of this property?
This property features: Raising Cane’s restaurant on a 0.92‑acre outparcel; 2,846‑square‑foot newly constructed building; Double drive‑thru configuration
