Listed by Landmark Commercial Real Estate Services
$3,764,705
Raising Cane's
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 4,000
Cap Rate 4.25%
Occupancy 100%
Tenancy Single
Brand/Tenant Raising Cane's
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options Five (5), Five(5)-Year Autorenewals
Year Built 2025
Zoning C-4 Commercial Shopping Center District
Ground Lease Yes
Grand Rapids MSA | New Construction | 15 Years / 10% Bumps
Marketing description
Landmark Investment Sales is pleased to offer for sale a brand new, corporate-guaranteed Raising Cane's Absolute Net Ground Lease in Grandville, Michigan. The property features zero landlord responsibilities and 10% rent increases every five years, with a 15-year primary term and five renewal options. Positioned as a pad site to RiverTown Crossings — West Michigan's largest enclosed mall — at the hard corner of Rivertown Parkway and Wilson Ave SW, the site is surrounded by national retailers including Costco, Walmart, and Target, serving a trade area of 140,000+ residents with average household incomes exceeding $109,000.
Investment highlights
- Brand New Construction — Opening Fall 2026
- 15-Year Primary Term with 10% Rent Bumps Every Five Years
- Corporate-Owned Tenant
- 900+ Locations / $5.1B Annual Sales
- Zero Landlord Responsibilities — Ground Lease
- Pad Site to West Michigan’s Largest Mall at a Signalized Intersection
- Affluent, High-Density Trade Area in the Growing Grand Rapids MSA
Listing Contacts
Listed by Landmark Commercial Real Estate Services
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