A new-construction,single-tenant Raising Cane's Chicken Fingers quick-servicerestaurant in Anaheim has traded hands for a 4% cap rate. The caprate is a new lowest record for the quick-service chain in theUS.

Hanley Investment Group's EVPs BillAsher and JeremyMcChesney, represented the buyer, a privateinvestor from Los Angeles, California. SRS Real EstatePartners' National Net Lease Group's ManagingPrincipal Patrick Luther and Matthew Mousavi,managing principal and co-founder of the SRS National Net LeaseGroup, represented the seller, Calbay DevelopmentLLC.

The property is a freestanding 3,233-square-foot building, andopened on August 27, 2019. It traded hands for $5 million.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.