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1360 Travis Boulevard

Fairfield, CA 94533
  • $3,000,000
  • STATUS: Active
  • ON SITE: 197 Days
  • ID#: PW24057821
UPDATED: 236 min ago
$3,000,000
  • 0
    BEDS
  • 0.72
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2024
County:

School Ratings & Info

Listing Agent(s): Minh Tran of Minh Tran, Broker (714-926-2072)


Description

Brand New Built Drive Through Raising Cane's restaurant, 2024, for sale the fee simple ground lease interest. Located at Solano Town Center, Fairfield, California. Corporate Guarantee from one of the top QSR chains. Raising Cane's chicken empire has 749 + locations and ranked among the best and most profitable quick service restaurants. This raising Cane's is equipped with the company's latest prototype design with it's new dual lane drive-thru, offering convenient and faster service. Long term net lease structure with zero landlord responsibility, 15 year prime lease, 3 five year options, and 1 four year renewal option. The lease offers 10% rental escalations every five years.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-06T00:28:34.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
www.gogabby.com/homes/148836892
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1360 Travis Boulevard Fairfield, CA 94533

  • Price: $3,000,000
  • Status: Active
  • On Site: 197 Days
  • Updated: 236 min ago
  • ID#: PW24057821
0
Beds
0
Baths
0
½ Baths
0.72
Acres
2024
Built
County:
Solano
Property Description
Brand New Built Drive Through Raising Cane's restaurant, 2024, for sale the fee simple ground lease interest. Located at Solano Town Center, Fairfield, California. Corporate Guarantee from one of the top QSR chains. Raising Cane's chicken empire has 749 + locations and ranked among the best and most profitable quick service restaurants. This raising Cane's is equipped with the company's latest prototype design with it's new dual lane drive-thru, offering convenient and faster service. Long term net lease structure with zero landlord responsibility, 15 year prime lease, 3 five year options, and 1 four year renewal option. The lease offers 10% rental escalations every five years.
Exterior Features

Entry Level 1 Lot Features 2-5 Units/AcreSprinkler System Open Parking Spaces 700 Parking Total 700 Sign On Property YN No

Property Features

Additional Parcels YN No Cap Rate 4.5 Common Interest None Current Financing Conventional Gross Scheduled Income 135000 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 135000 Property Sub Type Retail Special Listing Conditions Standard Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer Connected Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-06T00:28:34.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
 
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Go Gabby | RE/MAX Estate Properties
1901 S Catalina Ave.
Redondo Beach CA, 90277
Listing Agent(s): Minh Tran of Minh Tran, Broker (714-926-2072)