4634 Candlewood St Lakewood, CA 90712
Single-tenant Raising Cane’s property with strong sales performance.
Property size:
4,014 SFProperty Features for 4634 Candlewood St
General Information
- Standard status
- Active
- Size
- 4,014 SF
Source:
Crexi
Listing Agency: Northmarq Capital, LLC Listing Agent: Bj Feller
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Lakewood Restaurant Investment Opportunity
The property for sale is a single-tenant Raising Cane’s restaurant located at 4634 Candlewood Street in Lakewood, California. The property features a 4,014-square-foot building on a 0.28-acre lot. The property has been ground leased under an absolute NNN structure since 2018. Raising Cane’s has been operating at this location since March 7, 2018. The business demonstrates strong sales performance, with FY 2024 sales of $12.1 million and rolling 12-month sales of $12.4 million. The current lease runs through March 31, 2033, providing approximately 7 years and 3 months of remaining term, with three five-year renewal options. The lease includes fixed 10 percent rental increases every five years, along with percentage rent payments tied to sales. The property offers durable and growing cash flow supported by the tenant’s operating performance and the long-term stability of the absolute NNN lease structure.
Location Intelligence
Current Use by Public Records
Raising Cane's Chicken ...
Restaurant
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Los Angeles
- State
- California
- Longitude
- -118.1384517
- Latitude
- 33.8535513
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Single-tenant Raising Cane’s property with strong sales performance.
Where is this drive through restaurant located?
The property is located at 4634 Candlewood St Lakewood, CA.
What are key features of this property?
This property features: - High-performing Raising Cane's location with FY 2024 sales of $12.1 million and rolling 12-month sales of $12.4 million, exceeding percentage rent breakpoint.; - Absolute NNN ground lease structure provides long-term stability and minimal landlord responsibilities.; - Lease extends through March 31, 2033, offering approximately 7 years and 3 months of remaining term, plus three five-year renewal options.
