Listed by R.O.I. Properties, ROI Properties
$5,500,000
Raising Canes
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,470
Cap Rate 4.8%
NOI $264,000
Tenancy Single
Brand/Tenant Raising Cane's
Lease Type NNN
Lease Term 19.7
Lease Expiration 10/11/2036
Remaining Term 10.4
Price per SqFt $1,585
Class A
Year Built 2017
Buildings 1
Acreage 1.250
Zoning PAD
Investment Type Net Lease
Lease Commencement 01/23/2017
Retail | 4.80% CAP | 3,470 SqFt
Marketing description
14385 W Bell Rd is a single tenant net leased quick service restaurant located along the Bell Road retail corridor in Surprise, Arizona. The 1.25 acre site is improved with a 3,470 square foot freestanding drive thru building constructed in 2017. Zoned PAD and situated in Flood Zone, the property benefits from strong retail synergy and regional growth. The asset is leased to Raising Cane’s under a triple net reverse build to suit structure with approximately 12 years remaining on the base term, expiring October 2036, plus renewal options. The property is projected to generate approximately $264,000 in annual net operating income.
Listing Contacts
Listed by R.O.I. Properties, ROI Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$264,000.00
$22,000.00/mo
Valuation Metrics
0
DSCR
4.8%
Cap Rate
4.8%
ROI
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