### SRS Brokers $6.84M Raising Cane’s Ground Lease Sale in Riverside
SRS Real Estate Partners has successfully closed the $6.84-million ground lease sale of a Raising Cane’s property located at 4100 Central Ave. in Riverside. The 3,267-square-foot restaurant sits on a 1.29-acre lot and was built in 2024. The property is secured by a corporate-guaranteed, absolute triple-net 15-year ground lease.
Patrick Luther and Matthew Mousavi, senior managing principals at SRS Capital Markets, represented the seller, a Southern California-based developer. The buyer, a private investor from Washington completing a 1031 exchange, was represented by Brian Quinn and Bryan Cunningham of JLL. The transaction closed at a 4.75% cap rate.
“Acquiring this Inland Empire Raising Cane’s property provided the passive buyer with a strategic investment opportunity due to its prime location, strong brand presence, and consistent consumer demand,” said Mousavi. “Situated in a high-traffic area with excellent visibility and accessibility, the property benefits from the fast-casual dining sector’s resilience and growth.”
About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax (www.griffintax.com) and REVVED Up Accounting (www.revvedupaccounting.com). In addition, Steve founded Madison Avenue Technology (www.madisonave.tech). With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
