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

Property subtype

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.

Location Insight

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

Property Tax & Assessments