Raising Canes - 15 Year absolute NNN Ground Lease
Retail | 4.65% CAP | 2,818 SqFt
Marketing description
This offering consists of a 2,818 SF Raising Cane’s in Sioux City, Iowa. The property provides stable, in-place income backed by a 15-year absolute NNN ground lease with no landlord responsibilities, along with scheduled rent escalations that support predictable cash flow and long-term value appreciation.
Strategically located along Sioux City’s primary retail corridor, the site benefits from strong surrounding retail synergy and consistent consumer traffic. The immediate area features a dynamic mix of retail, dining, and entertainment destinations, including Southern Hills Mall, Lakeport Commons, Sunnybrook Village, and East High School, which serves 1,511 students. Additional nearby attractions such as Cone Park and Whispering Creek Golf Club further enhance area activity and draw.
With its prime location, strong surrounding anchors, and tenancy by a highly sought-after national brand, this Raising Cane’s presents an attractive net lease investment opportunity in one of Sioux City’s most active retail trade areas.
Investment highlights
- New build (2025) Fresh 15 year NNN Ground Lease to Raising Cane’s Corporate
- Surrounded by high traffic national retailers including Target, Fleet Farms, Lowes and more
- Prime location along Sioux City’s major retail corridor
- Direct access to US Hwy 20 with over 28,000 VPD
- High visibility and easy accessibility
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