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SRS Real Estate Partners recently facilitated the sale of a Raising Cane’s property located at 4100 Central Ave. in Riverside for $6.84 million. The restaurant, which sits on 1.29 acres and spans 3,267 square feet, was built in 2024 and is subject to a corporate-guaranteed, absolute triple net ground lease with a term of 15 years.
The seller was represented by SRS Capital Markets senior managing principals Patrick Luther and Matthew Mousavi, while the buyer – a private investor from Washington completing a tax-deferred exchange – was represented by Brian Quinn and Bryan Cunningham of JLL. The transaction closed at an attractive cap rate of 4.75%.
According to Mousavi: “This acquisition presented an excellent opportunity for the passive buyer due to its prime location in the Inland Empire region, strong brand recognition as well as consistent consumer demand.” He added that with its high visibility and accessibility within a busy area experiencing growth in fast-casual dining options, this property offers resilience against market fluctuations.
In summary:
SRS Real Estate Partners successfully completed the sale of Raising Cane’s property on Central Ave., Riverside for $6.84 million through their team led by senior managing principals Patrick Luther and Matthew Mousavi representing Southern California-based developer who sold it off-market; meanwhile JLL assisted private investor from Washington using tax-deferred exchange program acquiring it at closing cap rate set at only four point seven five percent (4 .75%). This strategic investment opportunity provides passive buyers access into resilient fast-casual dining sector thanks largely due not just prime location but also strong brand presence plus consistent consumer demand making this purchase highly desirable choice among investors looking towards long-term stability amidst uncertain market conditions especially given current trend where more people are opting eat out rather than cook home meals these days according recent studies conducted across US including Inland Empire region where this property is situated.
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