12666 Studebaker Rd Norwalk, CA 90650
- Retail space
- 17,000 SF
- 1.51 lot acres
Mar 30, 2025
Current Use by Public Records
- Retail space
Property Details for 12666 Studebaker Rd
- Year built
- 1997
- Construction
- WOOD
- Lot size
- 1.51 lot acres
- Property size
- 17,000 SF
- Zone code
- NOC1*
- Property type
- Retail space
- APN
- 8050-032-032
- APU
- 8050032032
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Norwalk
- County
- Los Angeles
- State
- California
- Longitude
- -118.099
- Latitude
- 33.9166
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
