Raising Cane’s – Ontario CA

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Available $5,625,000 - Retail - Single Tenant
Cap Rate:  4%Size:  3,832 SFTerm:  15 Years Print

 Investment Offering & Highlights

  • ABSOLUTE NNN GROUND LEASE – New 15 year Lease with Raising Cane’s Corporate Guarantee / 10% RENTAL INCREASES every 5 years / No landlord responsibilities
  • EXCELLENT VISIBILITY & ACCESS / HIGH TRAFFIC COUNTS / FREEWAY ON-OFF RAMP LOCATION Main entrance outparcel to Ontario Mills Mall with combined traffic counts of 55,357 and benefiting from a large 1.52 Acre site fronting North Milliken Avenue, which is the main north south arterial west of I-15 in the region / Interstate 10 and Milliken has a full diamond interchange providing immediate access to the property from all directions to ~247,000 cars per day
  • IDEAL DEMOGRAPHICS FOR QSR SALES – Daytime population of 28,612 within 1 mile, 142,261 within 3 miles of subject property / 131,193,643 square feet of industrial space within 3 miles
  • EXPLOSIVE STORE SALES – Average Raising Canes unit level sales are $2.95 million / Perfect combination of traffic, daytime and residential population, and destination draw for a high volume, quick serve restaurant (Contact broker for details)
  • MAIN AND MAIN INLAND EMPIRE RETAIL AND ENTERTAINMENT DESTINATION HUB – Ontario Mills is situated at the northwest corner of Interstate 10 (247,000 VPD) and Interstate 15 (198,000 VPD). California’s largest indoor outlet mall with over 200 stores, anchored by Nordstrom, Saks Fifth Avenue, Nike, and AMC Theaters. Ontario Mills sees more than 28 million visitors annually / Blocks away from BUSINESS BANK ARENA – a 225,000 square foot multi-purpose arena hosting sporting events and concerts with a capacity for 11,000 guests. The arena hosts over 125 events annually / This is the dominant year round retail and entertainment destination location for the entire Inland Empire region
  • Offering Memorandum

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Property Location