18600 Gridley Rd Artesia, CA 90701
- Retail space
- 17,216 SF
- 1.36 lot acres
Current Use by Public Records
- Raising Cane's Chicken Fingers / Fast Food Restaurant / American Restaurant
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 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
- 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
