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Thursday, July 18, 2019
Commercial Real Estate

Progressive Real Estate Partners Inks Ground Lease with Raising Cane’s for Prime Ontario, CA Location

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Rancho Cucamonga, CA – June 26, 2019  – Progressive Real Estate Partners, the leading Inland Empire retail brokerage, has completed the signing of a long-term ground lease with Raising Cane’s Chicken Fingers for a new store at 1437 N. Mountain Avenue in Ontario, CA. The site is a pad to a Super Walmart property. This will be Raising Cane’s second Ontario location and it’s projected to open by year-end.

Progressive Real Estate Partners’ Senior Vice President Paul Galmarinimarketed the property and represented the property owner, Pacific Development Group in the transaction.  Raising Cane’s was represented by Scott Landgraf from Golden State Retail Group.

Construction has already commenced on the 3,233 square foot Raising Cane’s drive-thru restaurant.  Situated less than a ¼ mile from the heavily-traveled I-10 freeway, the property is located at the busy intersection of Mountain Avenue and 6th Street with outstanding visibility to almost 42,000 cars daily.  Mountain Avenue is a major retail corridor serving the cities of Ontario, Upland and Montclair.  In addition to the Super Walmart, neighboring retailers include Regal Cinemas, Michaels, Hobby Lobby, Carl’s Jr, Starbucks and Yogurtland.

Raising Cane’s is well-known for its ONE LOVE quality chicken finger meals offering a choice of chicken fingers, coleslaw, Texas toast and crinkle cut fries. The limited menu enables them to offer a high quality product served quickly and conveniently.  Fans of the popular Louisiana-based chain that has grown to over 430 locations world-wide are known as “Caniacs” and are invited to join the Caniac Club which is a customer appreciation program.  The chain is also recognized for its commitment to active involvement in its local communities.

“The excellent regional location and Super Walmart anchor made this an ideal site for Raising Cane’s to open a new store,” according to Galmarini.  “We continue to see a strong demand for new restaurants in SoCal’s Inland Empire and especially in the fast-casual category. Raising Cane’s will be a terrific addition to the neighborhood,” he added.

 

About Progressive Real Estate Partners

Progressive Real Estate Partners (PREP) is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2008, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire market.  The office is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 1000 lease and sales transactions in over 35 cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals. For further information visit www.progressiverep.com.

Inland Empire Business Journal
The Inland Empire Business Journal (IEBJ) is the official business news publication of Southern California’s Inland Empire region - covering Riverside and San Bernardino Counties.