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Restaurant

Raising Cane's | San Diego | Ranked #1 in Chain | Long Term NNN Lease | High Barrier to Entry

8867 Cuyamaca St, Santee (San Diego MSA), CA 92071

Listing Price: $5,683,333

Cap Rate
3.00%
Tenant Name
Raising Cane's
Years Remaining On Lease
9.9
Gross SF
3,832
Guarantor
Corporate Guarantee
Rentable SF
3,832
Price/Gross SF
$1,483.12
Lease Type
NNN Ground Lease
Rent Per Square Feet
$44.49

Investment Overview

Santee is a suburban city in San Diego County, California, with a population of 53,413 at the 2010 census. Although it is a part of the East County region, Santee is located just 18 miles from the Pacific Ocean. The city is connected to the coastline by State Route 52, a six-lane freeway that runs from Interstate 5 in La Jolla to State Route 67 in El Cajon. The city is bisected by the San Diego River, a linear greenbelt that includes parks, trails and more than 1,100 acres of natural riparian habitat. As of the 2020 census, the population of San Diego County was 3,298,634, making it California’s second-most populous county and the fifth-most populous in the United States. Its county seat is San Diego, the second-most populous city in California and the eighth-most populous city in the United States. It is the southwesternmost county in the 48 contiguous United States, and is a border county. From north to south, San Diego County extends from the southern borders of Orange and Riverside Counties to the Mexico-U.S. border and the Baja California municipalities of Tijuana and Tecate. From west to east, San Diego County stretches from the Pacific Ocean to its boundary with Imperial County, which separated from it in 1907.

Investment Highlights

  • Long Term Absolute Net Ground Lease (Zero Landlord Obligations) Featuring Rental Increases Every 5 Years.
  • Dynamic Location in Extremely High Barrier to Entry QSR Market. Took Several Years and Millions to get Entitlement.
  • Strong Performing Location per Placer.ai: Ranked #1 out of all Raising Cane's Locations Tracked Nationally Based on Foot Traffic and Cell Phone Data.
  • Raising Cane's has Faster Drive-Thru Service than any Other Major Fast-Food Chain in the U.S.
  • First Raising Cane's in San Diego. Brand New Construction at a Major Busy Intersection. Features a Rare Dual Drive-Thru.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $103k within a 3-Mile Radius and 278k+ People Residing within a 5-Mile radius.
  • Positioned at the Epicenter of Area's Major Retail & Traffic Corridor: Easy Access and Excellent Visibility near a Major Signalized Intersection w/ Daily Combined Traffic Counts Exceeding 63k Vehicles. Immediate Access to/from State Route 52 (85k+ VPD).
  • Across from Santee Trolley Square, an Outdoor Shopping Center that is a Daily Stop on the San Diego MTS Trolley System (the 4th Most-Ridden Light Rail System in the U.S. with an Average of 120k+ Riders Per Weekday).

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Financing By

Restaurant

Raising Cane's | San Diego | Ranked #1 in Chain | Long Term NNN Lease | High Barrier to Entry

Listing Price: $5,683,333

Cap Rate
3.00%
Tenant Name
Raising Cane's
Years Remaining On Lease
9.9
Gross SF
3,832
Guarantor
Corporate Guarantee
Rentable SF
3,832
Price/Gross SF
$1,483.12
Lease Type
NNN Ground Lease
Rent Per Square Feet
$44.49

Investment Highlights

  • Long Term Absolute Net Ground Lease (Zero Landlord Obligations) Featuring Rental Increases Every 5 Years.
  • Dynamic Location in Extremely High Barrier to Entry QSR Market. Took Several Years and Millions to get Entitlement.
  • Strong Performing Location per Placer.ai: Ranked #1 out of all Raising Cane's Locations Tracked Nationally Based on Foot Traffic and Cell Phone Data.
  • Raising Cane's has Faster Drive-Thru Service than any Other Major Fast-Food Chain in the U.S.
  • First Raising Cane's in San Diego. Brand New Construction at a Major Busy Intersection. Features a Rare Dual Drive-Thru.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $103k within a 3-Mile Radius and 278k+ People Residing within a 5-Mile radius.
  • Positioned at the Epicenter of Area's Major Retail & Traffic Corridor: Easy Access and Excellent Visibility near a Major Signalized Intersection w/ Daily Combined Traffic Counts Exceeding 63k Vehicles. Immediate Access to/from State Route 52 (85k+ VPD).
  • Across from Santee Trolley Square, an Outdoor Shopping Center that is a Daily Stop on the San Diego MTS Trolley System (the 4th Most-Ridden Light Rail System in the U.S. with an Average of 120k+ Riders Per Weekday).

Investment Overview

Santee is a suburban city in San Diego County, California, with a population of 53,413 at the 2010 census. Although it is a part of the East County region, Santee is located just 18 miles from the Pacific Ocean. The city is connected to the coastline by State Route 52, a six-lane freeway that runs from Interstate 5 in La Jolla to State Route 67 in El Cajon. The city is bisected by the San Diego River, a linear greenbelt that includes parks, trails and more than 1,100 acres of natural riparian habitat. As of the 2020 census, the population of San Diego County was 3,298,634, making it California’s second-most populous county and the fifth-most populous in the United States. Its county seat is San Diego, the second-most populous city in California and the eighth-most populous city in the United States. It is the southwesternmost county in the 48 contiguous United States, and is a border county. From north to south, San Diego County extends from the southern borders of Orange and Riverside Counties to the Mexico-U.S. border and the Baja California municipalities of Tijuana and Tecate. From west to east, San Diego County stretches from the Pacific Ocean to its boundary with Imperial County, which separated from it in 1907.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Financing By

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