A 4,086-square-foot Raising Cane’s Chicken Fingers property in San Bernardino has sold for a record-breaking $8.2 million, according to data from CoStar.
The deal was brokered by SRS Real Estate Partners, which represented the seller-developer, an affiliate of Red Mountain Group in Orange County.
The Raising Cane’s at 1857 S. Tippecanoe Ave. sits on 1.24 acres and has a drive-through. The fast-food restaurant has 11 years remaining on its lease, SRS said.
The buyer was identified as a “private high net worth investor in San Diego,” who paid all cash and was represented by Jim Casale of Lee & Associates.
In September 2020, SRS also brokered the $6.8 million sale of a Raising Cane’s property at 40390 Margarita Road in Temecula.