Retail Business for Sale in Artesia, CA

  • Price: $10.1M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Artesia, CA 90701
  • Size: 3,207 SF

Description

The Newmark Pacific Retail Capital Markets team is pleased to present the opportunity to acquire a brand new Raising Cane’s located in the city of Artesia, directly across the street from the 1.4 million square foot Los Cerritos Mall. The location and tenant represent a “best-in-class” opportunity for investors seeking strong infill, single tenant properties in the Los Angeles Metro market. The subject property is situated in the heart of a thriving trade area across the street from the region’s most prestigious mall anchored by Nordstrom, Macy’s, Dick’s Sporting Goods, Harkins Theatres, and many more. The immediate trade area represents the most affluent submarket in the mid cities with average household incomes in excess of $117,000 within a 3-mile radius. Raising Cane’s has strong financials and is a top operator in the quick service restaurant space ensuring the investor long terms stability, no management responsibilities, and steady and reliable cash flow.

Market Context

This retail in Artesia, CA is listed for sale at $10,100,000 across 3,207 SF. It has been on the market for 8 days. Compare it against other retail listings for sale in Artesia, CA — <a href="/search/sale/retail/california/artesia">view the full market</a>.

Unified Estimate

Low Confidence

$552.50/SF – $747.50/SF

Mid: $650.00/SF

Total estimate for 3,207 SF: $2,084,550

Rate estimator only; cost-of-business estimate unavailable.

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