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    18600 Gridley Rd Artesia, CA 90701

    Sponsored
    For Sale
    $10,705,000

    Prime QSR location, strong NOI, long lease.

    Property size:
    3,207 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a brand-new, 3,207 square foot Raising Cane's restaurant in Artesia, California. Located directly across from the 1.4 million square foot Los Cerritos Mall, this property benefits from a high-traffic, affluent area with average household incomes exceeding $117,000 within a 3-mile radius. The property features a 15-year NNN lease (commencing May 16, 2023, and expiring May 16, 2038), offering a remaining lease term of 13.5 years and a 4.25% cap rate. The strong financial performance of Raising Cane's, a top operator in the quick-service restaurant sector, ensures long-term stability and reliable cash flow for the investor. With a 100% occupancy rate and a Net Operating Income (NOI) of $455,000, this single-tenant property offers a passive investment opportunity with no landlord responsibilities. The property sits on a 1.36-acre lot (APN: 70390080370) and is zoned ATCG. Built in 2024, this is a truly turnkey investment in a prime Los Angeles County location, offering significant upside potential. The asking price is $10,705,000, translating to a price per square foot of $3,338.01. This represents a rare opportunity to acquire a best-in-class, single-tenant property in a highly desirable, infill location.

    Property Features for 18600 Gridley Rd

    General Information

    Property type
    Restaurants
    Square Feet
    3,207 SF
    Lot Size
    59,242 SF

    Building Details

    Year Built
    2024

    HighLights

    • Exceptional location across from the Los Cerritos Mall in Artesia, CA.
    • Passive investment; no landlord responsibilities.
    • 15‑year NNN lease (May 16, 2023 - May 16, 2038) with built‑in rent increases.
    • High barriers to entry for drive‑thrus in this densely populated, infill location.
    • Raising Cane's, a best‑in‑class tenant, occupies the 3,207 sq ft building.
    • Affluent area with average household incomes exceeding $117,000 within a 3‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Raising Cane's Chicken ... Fast Food Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Artesia
    County
    Los Angeles
    State
    California
    Longitude
    -118.0903
    Latitude
    33.86254

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    FAQs

    What type of property is this?
    Restaurant - Prime QSR location, strong NOI, long lease.
    Where is this restaurant located?
    The property is located at 18600 Gridley Rd Artesia, CA.
    What is the asking price?
    The asking price for this property is $10,705,000.
    What are key features of this property?
    This property features: Exceptional location across from the Los Cerritos Mall in Artesia, CA.; Passive investment; no landlord responsibilities.; 15-year NNN lease (May 16, 2023 - May 16, 2038) with built-in rent increases.
    Request Owner's contact information
    18600 Gridley Rd Artesia, CA 90701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18600 Gridley Rd Artesia, CA 90701
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