2781 Mannheim Rd, Des Plaines, IL 60018

NEW CONSTRUCTION GROUND LEASE:

Raising Cane’s has 14 years remaining on their Absolute NNN Ground Lease with five (5), 5-year renewal options. The new construction building features a drive-through and outdoor seating area.

ATTRACTIVE RENT INCREASES:

The lease calls for 10% rental increases every five years through the current term and at the start of all five (5), 5-year renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation.

DYNAMIC TENANT:

Raising Cane’s is a fast-growing national QSR chain specializing in chicken fingers. Founded in 1996, the company is rapidly expanding and has more than 915 locations with plans for continued aggressive expansion. Raising Cane’s has 63 consecutive quarters of SRS Growth, and their AUV is approximately 2 times the QSR Average ($6.2 million in 2024). Raising Cane’s had sales of $5.1 Billion in 2024.

ZERO MANAGEMENT RESPONSIBILITIES:

Raising Cane’s has an Absolute NNN Ground Lease and is responsible for all operating expenses, repairs, maintenance, and replacements to the entire property (building and grounds).

OUTSTANDING LOCATION:

The new construction Raising Cane’s is situated along Mannheim Road (US Route 45), the area’s primary commercial corridor. The Property features outstanding frontage and visibility and enjoys convenient access to Interstate 90 and 294 as well as IL Route 72. The Property is positioned in the heart of a densely developed commercial neighborhood and is adjacent to several new construction nationally branded restaurants including Guzman Y Gomez, Cava, Outback Steakhouse, First Watch and Taqueria Invicto. Additionally, the densely populated area, numerous nationally branded hotels, and proximity to the Allstate Arena (across the street) with more than 2 million visits per year provide a built-in customer base.

O’HARE INTERNATIONAL AIRPORT:

Chicago’s O’Hare International Airport is 1-mile away from Raising Cane’s. O’Hare International Airport is the 2nd busiest airport in the world, serving more than 70 million passengers annually. It has 10 runways and service to more than 228 destinations. The airport continues to drive the local economy around it, working in conjunction with local businesses, and employing more than 54,000 people.

STRONG DEMOGRAPHICS:

Over 89,100 people live within 3 miles of the Property with an average household income of $141,819. More than 319,200 people live within 5 miles of the Property with an average household income of $131,684. An additional 108,600 people work within 3 miles of the property.

HIGH TRAFFIC COUNTS:

Approximately 27,400 vehicles per day pass by the property at the intersection of Mannheim Road (US Route 45) and Pratt Street. The Property is visible from Interstate 90, which sees 173,400 vehicles per day.

TRADE AREA:

Additional businesses, attractions and retailers driving consumers to the immediate trade area include O’Hare International Airport, 10 nationally branded hotels, Allstate Arena, Rivers Casino Des Plaines, Target, Jewel-Osco, Aldi, Outback Steakhouse, Longhorn Steakhouse, Chili’s, Starbucks, McDonald’s, Chipotle, Panera Bread, Rosati’s, Potbelly, Guzman Y Gomez, Cava, First Watch, Culver’s, Taqueria Invicto, 7-Eleven, and Speedway.