12666 Studebaker Rd Norwalk, CA 90650

This exceptional investment opportunity presents a brand-new, 2024-built Raising Cane's restaurant in Norwalk, California. The property boasts a 15-year absolute NNN ground lease with a prominent location at the signalized intersection of Imperial Hwy. and Studebaker Rd., experiencing over 66,000 vehicles daily. The 3,705 square foot building sits on a substantial 1.6-acre lot (65,969 sq ft), featuring a double drive-thru capable of accommodating 22 vehicles. With 41 parking spaces and a state-of-the-art design, this property offers significant revenue potential. The strong demographics of the area, including a population exceeding 245,000 within a 3-mile radius and average household incomes over $112,000, further enhance its appeal. The property's strategic location near major freeways (Interstate 105 and 605) and established retail centers like Costco and Stater Bros. ensures high visibility and accessibility. The asking price is $9,995,000, representing a 4.50% cap rate with a current NOI of $450,000. This is a 1031 exchange eligible offering, with a single-tenant occupancy of 100% and a permitted zoning of NOC1. The property's APN is 8050-032-032. This is a truly exceptional opportunity for a passive, long-term investment in a high-traffic, high-growth area.