For Sale
$8,111,111

5795 Bickett StHuntington Park, CA 90255

High-traffic LA location, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • Prime Los Angeles location; generational investment opportunity. 15-year absolute net lease with 10% rent increases every 5 years.
  • High-traffic retail corridor with excellent visibility; signalized corner location, over 34,000 vehicles daily.
  • Raising Cane's projected 2024 systemwide sales exceed $4.5 billion, AUV over $6 million, 850+ restaurants.
  • Excellent access to major highways and public transportation.
  • Pad site to a new Raising Cane's; across from a top 2% Home Depot (1.55M+ annual visitors).
  • Dense Los Angeles submarket; over 1 million residents within a 5-mile radius; projected 2.75% population growth by 2025.

Property Details for 5795 Bickett St

Property type
Retail properties, Restaurants
Square Feet
3,180 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
33,977 SF

Location Insight

City
Huntington Park
County
Los Angeles
State
California
Latitude
33.9896388
Longitude
-118.2162741
5795 Bickett St, Huntington Park, California

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5795 Bickett St
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