Listed by Northmarq - Nashville
$4,329,000
Raising Cane’s (Ground Lease)
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,958
Cap Rate 4.7%
NOI $203,500
Occupancy 100%
Tenancy Single
Brand/Tenant Raising Cane's
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 06/30/2037
Remaining Term 11.1
Rent Bumps Yes
Lease Options 4, 5-Year Options
Price per SqFt $1,463
Year Built 2023
Buildings 1
Stories 1
Acreage 1.060
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/03/2022
Ground Lease Yes
Ownership Ground Lease
Corporate Absolute NNN Ground Lease | Dense Retail Corridor | Affluent Demographics
Marketing description
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire a ground lease interest in a single-tenant Raising Cane’s located at 3300 Buford Drive, Buford, GA 30519 (the “Property”). The Property is 100% occupied by Raising Cane’s (the “Tenant”) who is operating under an absolute net lease that expires in June 2037, with four 5-year renewal options. With attractive 10% rent increases, the absolute net lease structure provides for a passive, secure investment with zero Landlord responsibilities. The Property consists of ±1.06 acres and a 2,958-square-foot freestanding, quick-service, double drive-thru restaurant that was built-to-suit in 2023 to the Tenant’s specifications.
Investment highlights
- One of the Fastest-Growing Restaurant Chains in the U.S. | $3 Billion+ Company
- Absolute NNN Ground Lease with Attractive Rent Increases
- Across from Mall of Georgia in Dense Retail Corridor
- Signalized Entrance/Exit Across from Mall of Georgia/Target-Anchored Center
- Short Drive to Coolray Field Development, The Exchange at Gwinnett & Northside Medical - Buford
- Affluent Demographics
- Double Drive-Thru, Dedicated Curbside Pick-Up Spaces & Covered Outdoor Seating
Listing Contacts
Listed by Northmarq - Nashville
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$203,500.00
$16,958.33/mo
Valuation Metrics
0
DSCR
4.7%
Cap Rate
4.7%
ROI
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