Commercial Real Estate 101 Sale Price: $7,500,000 / Asking $7,780,000 Building Value: $2,542 per square foot / Free Standing Tenant: Raising Cane’s with a lease expiring in 2036 / Three - 5-yr options and one 4-yr option to renew. Location, Location, Location: This restaurant is situated in a prime location, across from a major shopping mall and adjacent to a heavily trafficked interstate. This strategic positioning is crucial for attracting customers and, consequently, increasing the property's value. Lease Structure: The long-term lease with Raising Cane’s provides a stable income stream. The annual rent increase clause is a common strategy to protect the landlord's income against inflation. This is a fundamental concept in commercial real estate lease agreements. Property Valuation: The property's value is significantly influenced by the tenant's success. Raising Cane’s rapid expansion and growing popularity directly impact the property's worth. This demonstrates the concept of property value appreciation based on tenant performance. This transaction demonstrates the potential for significant returns on investment in commercial real estate, particularly when the property is well-located and leased to a thriving business. By understanding the key factors that contribute to property value, investors can make informed decisions when it comes to investing.
SALE Learn More: https://lnkd.in/enabsJFv IMAGE: Adam Friedlander DATE: 07/16/2024 ADDRESS: 20707 Avalon Boulevard MARKET: Carson ASSET TYPE: Retail BROKER: Adam Friedlander - Beta Agency SALE PRICE: $7,500,000 SF: 2,950 ~ PPSF: $2,542 NOTE: Beta Agency arranged the $7.5 million sale of a restaurant property in Carson, CA, occupied by Raising Cane’s Chicken Fingers on a 12-year, triple-net lease. Adam Friedlander represented the undisclosed seller in the deal. #LosAngeles #RealEstate #tradedla #LA #LosAngelesRealEstate #California #LARealEstate #CaliRealEstate #Carson #Retail #AdamFriedlander #BetaAgency
