Listed by NAI SunVista
$4,117,647
NNN QSR Investment Opportunity
Details
APN 1-011-060-233-412-2-14-07
Property Type Retail
Sub Type Restaurant
Square Footage 2,980
Cap Rate 4.25%
Brand/Tenant Raising Cane's
Lease Type NNN
Class A
Zoning NR-C
Retail | 4.25% CAP | 2,980 SqFt
Marketing description
- A brand new lease, a newly constructed building, and rent appreciation combine for an ideal investment
- Long lease term with 10% increases every 5 years and continuing in option periods
- The ground lease structure provides for a passive investment
- The corporate Tenant ensures a stable cash flow from one of the nation's fastest-growing QSR franchises
Investment highlights
TENANT
Raising Cane’s
5 Locations in New Mexico
849 Locations Nationwide
Started in 1996
SALE PRICE
$4,117,647
CAP RATE
4.25%
RENT INCREASES
10% Increases Every 5 Years
LEASE TERM
15-Year Primary Term
RENEWAL OPTIONS
5 x 5-Year options
BUILDING/LOT SIZE
±2,980 SF Building Under Construction on ±1.29 Acres
Listing Contacts
Listed by NAI SunVista
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