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Property summary
This exceptional investment opportunity presents a brand-new, freestanding Raising Cane's restaurant located at 239 Old Nuevo Rd, Perris, CA 92571. The property boasts a 15.5-year absolute NNN ground lease (land ownership) with four 5-year options to extend, providing a secure and long-term income stream. The lease commenced January 1, 2025, and expires June 30, 2040, with a remaining term of 15.6 years. The 3,831 square foot building, constructed in 2024, sits on a 1.5-acre lot and benefits… from a 10% rent increase every five years, effectively hedging against inflation. The property enjoys a prime location on the southeast quadrant of the I-215 Freeway and W Nuevo Rd, offering exceptional visibility and accessibility. This strategically positioned outparcel is part of a newly redeveloped shopping center, surrounded by strong national and credit tenants, including Walmart, Ross Dress for Less, and In-N-Out Burger. The strong demographics of the area, with over 114,500 consumers within a 5-mile radius and an average household income exceeding $87,000, further enhance the investment potential. The property is zoned for commercial community use and features a double drive-thru. The current NOI is $315,000, resulting in a 4.40% cap rate, and the asking price is $7,160,000. The tenant, Raising Cane's, is backed by a corporate guarantee, ensuring financial stability. The property is located in a Qualified Opportunity Zone, offering additional tax advantages. The APN is 311-050-002. This is a truly exceptional opportunity for investors seeking a stable, high-growth investment in a prime location.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 14 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 3,831 SF
- Lot area
- 1.5 ac
- Year built
- 2024
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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