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33453004
33453003

643 U.S. 46, Fairfield, NJ 07004

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
NG
PA RS350646
Marcus & Millichap - Philadelphia
MK
PA R336064
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia
$6,111,111
8 days on market
Updated 7 days ago

Raising Cane's

Details
Property Type Retail
Sub Type Fast food
Square Footage 2,862
Net Rentable (SqFt) 2,862
Cap Rate 4.50%
NOI $275,000
Occupancy 100%
Tenancy Single
Brand/Tenant Raising Cane's
Lease Type NNN
Lease Expiration 01/30/2041
Remaining Term 14.7
Rent Bumps Yes
Year Built 2025
Acreage 1.450
Zoning HD
Lease Commencement 01/31/2026
Ground Lease Yes

NEW 2026 PROTOTYPE | HEALTHY RENT-TO-SALES RATIO | ESSEX COUNTY NJ - 30 MILES TO NYC

Investment highlights

STRONG CORPORATE TENANT | ONE OF THE FASTESTGROWING

QSR BRANDS IN THE U.S. | Raising Cane’s operates 950+ locations nationwide and continues rapid expansion, with 100+ new units planned for 2026

HEALTHY RENT-TO-SALES RATIO | PROVEN UNIT ECONOMICS | Raising Cane’s operates at an average of $6.6M in sales per location, yielding a potential healthy 4.2% rent-to-sales ratio at this site

NEW CONSTRUCTION PROTOTYPE DRIVE-THRU | 1.45-ACRE

LOT | Purpose-built, brand-new Raising Cane’s prototype on a 1.45-acre lot, purpose-designed for drive-thru throughput and operational efficiency

ABSOLUTE NNN GROUND LEASE | PASSIVE INVESTMENT | Tenant covers all taxes, insurance, and maintenance, offering a fully passive investment

PRIME RETAIL CORRIDOR | BEST-IN-CLASS LOCATION | Positioned adjacent to: (ranked by annual visitors in the state of NJ), Top 10% Target, #1 BJ’s Wholesale, Top 5% Costco, Top 15% Starbucks, The Willowbrook Mall anchored by Nordstrom, Bloomingdale’s, Macy’s & JCPenney

EXCEPTIONAL HIGHWAY ACCESS & VISIBILITY | ROUTE 46 | Direct Route 46 frontage with 58,000+ vehicles per day | Property sits at the interchange entrance and exit, delivering unmatched accessibility and daily traffic exposure

DENSE & AFFLUENT TRADE AREA | GROWTH MARKET | 232,000+ population within 5 miles and projected 4% population growth over the next 5 years - Average household income of $157,000 within 3 miles reflects a high spending consumer base

ATTRACTIVE INFLATION HEDGE | 10% RENTAL BUMPS EVERY 5 YEARS | Scheduled 10% rent escalations every 5 years throughout the base term and the 3, 5-year renewal options

LONG-TERM INCOME STABILITY | 14+ YEARS REMAINING | Significant lease term remaining, providing long-term predictable income

Listing Contacts

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
NG
PA RS350646
Marcus & Millichap - Philadelphia
MK
PA R336064
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$275,000.00
$22,916.67/mo

Valuation Metrics

0
DSCR
4.5%
Cap Rate
4.5%
ROI

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Additional Information

Name
Jim McGuckin
License
NJ 2082114
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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