1750 W Olive Ave, Burbank, CA 91506

This freestanding, drive-thru equipped Raising Cane’s investment property is located in Burbank, CA. The tenant, Raising Cane’s Restaurants, LLC, has 21 years remaining on its 25-year ground lease with options to extend. The lease features rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. The property opened in June 2022 and features Raising Cane’s latest prototype. Raising Cane’s is located along W. Olive Avenue with exposure to over 30,300 vehicles daily. The property has highway frontage along W. Olive Ave with monument signage and multiple points of ingress/egress from both adjacent streets. Interstate 5 is located just 1 mile northeast of the asset. The restaurant is poised to benefit from the surrounding trade area home to national/credit tenants such as Walmart Supercenter, Costco, Target, Lowe’s Home Improvement, IKEA, Ralphs, BevMo!, Grocery Outlet, and Hobby Lobby. Just 2 miles from the property is the Burbank Town Center, a three-level enclosed mall featuring more than 170 retail shops, restaurants, entertainment venues, and lifestyle services. The mall is anchored by Bed Bath & Beyond, Old Navy, Macy’s, Burlington, H&M, and AMC Theatres. The 5-mile trade area is supported by a population of over 547,000 residents and 332,000 daytime employees. The 1-mile trade area boasts an average household income of $152,066. The property size is 3,119 square feet. Burbank is known as the “Media Capital of the World” and is home to numerous media and entertainment companies such as Warner Bros. Entertainment, The Walt Disney Company, Nickelodeon Animation Studios, The Burbank Studios, the West Coast branch of Cartoon Network Studios, and Insomniac Games. Raising Cane’s is ideally positioned to capture demand from the nearby employee consumer base.