Raising Cane's Chicken Fingers
Retail | 4.50% CAP | 2,728 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Raising Cane's Chicken Fingers located at 2700 Tyrone Blvd N, St. Petersburg, FL 33710. The site consists of roughly 2,728 rentable square feet of building space on an estimated 1.04-acre parcel of land. This Raising Cane's Chicken Fingers is subject to a 15-year Triple Net (NNN) ground lease, which commenced 8/5/2025. The current annual rent is $140,000 and has scheduled increases of 10.00% every 5 years.
Investment highlights
Long-Term Absolute Triple Net (NNN) Ground Lease | Raising Cane’s is subject to a long-term, 15-year absolute triple net (NNN) ground lease with no landlord responsibilities, offering a fully passive investment opportunity for the owner.
Attractive Rental Increases | The lease includes 10% rental increases every five years, resulting in a 21% growth in operating income over the lease term. This structure offers a reliable, long-term investment opportunity for investors.
Drive-Thru Location | The property includes a drive-thru, offering added convenience for customers and enhancing its appeal as a fast-casual dining destination. This feature aligns seamlessly with Raising Cane’s efficient service model, attracting guests seeking quick, high-quality meals on the go.
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