5795 Bickett St Huntington Park, CA 90255-2624
- Commercial kitchens
- 3,505 SF
- 0.71 lot acres
Apr 04, 2023
Current Use by Public Records
- Commercial kitchens
Property Details for 5795 Bickett St
- Construction
- WOOD
- Lot size
- 0.71 lot acres
- Property size
- 3,505 SF
- Zone code
- HPM2
- Property type
- Commercial kitchens
- APN
- 6310-016-018
- APU
- 6310016018
Description
This exceptional investment opportunity presents a brand-new, 3,180 square foot Raising Cane's restaurant in Huntington Park, California, built in 2024. The property boasts a 15-year absolute net ground lease with a corporate guarantee, expiring January 30, 2039, and featuring 10% rent bumps every five years. Situated on a 0.78-acre lot at a signalized hard corner location, this Class A property benefits from exceptional visibility and accessibility, with daily traffic counts exceeding 34,000 vehicles. The location is strategically positioned along a major retail corridor and enjoys proximity to major highways (Interstate 710 and 110), public transportation, and a high-density population base (over 1 million people within a 5-mile radius, projected to grow by 2.75% by 2025). The property's strong performance is further enhanced by its adjacency to a high-performing Home Depot store and Huntington Park High School. The current Net Operating Income (NOI) is $365,000, resulting in a 4.50% cap rate. This is a rare opportunity to acquire a generational asset in a prime Los Angeles location with a strong, established tenant and significant growth potential. The property features a dual drive-thru for enhanced operational efficiency. The asking price is $8,111,111.
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
- Huntington Park
- County
- Los Angeles
- State
- California
- Longitude
- -118.216
- Latitude
- 33.9896
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
