18600 Gridley Rd Artesia, CA 90701
Property profile & analytics
18600 Gridley Rd Artesia, CA 90701
- Retail space
- 17,216 SF
- 1.36 lot acres
Property ID
US09-8581711
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Raising Cane's Chicken Fingers / Restaurant / Take-out & Catering
Property Details for 18600 Gridley Rd
- Year built
- 1975
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.36 lot acres
- Property size
- 17,216 SF
- Zone code
- ATCG*
- Property type
- Retail space
- APN
- 7039-008-037
- APU
- 7039008037
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,350,000
- 6.5%
- $5,860,000
- 7%
- $5,440,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $4,359,000
Market price range: $1.16M - $5.45M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $7,870,000 Current use
- AUTO REPAIR, GARAGE
- $7,965,000 Change: +1% Conversion: Difficult
- MEDICAL BUILDING
- $7,825,000 Change: -1% Conversion: Difficult
- OFFICE BUILDING
- $7,720,000 Change: -2% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Artesia
- County
- Los Angeles
- State
- California
- Longitude
- -118.09
- Latitude
- 33.8627
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$81,996
$5,222,634
$1,508,759
$6,731,393
-
$0.00
$0.00
$0.00
