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4634 Candlewood St Lakewood, CA 90712

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For Sale
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Single-tenant Raising Cane’s property with strong sales performance.

Property size:
4,014 SF

Property Features for 4634 Candlewood St

General Information

Standard status
Active
Size
4,014 SF

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Listing Contact
Bj Feller
Bj Feller
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.

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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

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

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  • Local Demand
City
Lakewood
County
Los Angeles
State
California
Longitude
-118.1384517
Latitude
33.8535513

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.
More about this property
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