Listed by Marcus & Millichap - San Diego
$3,300,000
RAISING CANE'S W/ DUAL DR-THRU | 15-YEAR NNN GROUND LEASE
Details
APN 29-33-100-064-0000
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,478
Cap Rate 4.7%
NOI $155,000
Tenancy Single
Brand/Tenant Raising Cane's
Lease Type NNN
Lease Expiration 12/31/2041
Remaining Term 15.5
Rent Bumps Yes
Class A
Year Built 2026
Stories 1
Acreage 0.730
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes
Outparcel to Target & Menard Anchored Power Center
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310713/raising-canes-w-dual-dr-thru
Investment highlights
- 15-Year NNN Ground Lease Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2026 Construction w/ Dual Drive-Thru.
- Highly Accessible Drive-Through Configuration - the Site Benefits from Direct S. Halsted Street Frontage with Strong Ingress and Egress, Aligning Perfectly with the High-Volume Drive-Through Traffic.
- Densely Populated and Affluent Area: Features an Average Household Income of More than $92k within a 3-Mile Radius and over 232k People Residing within a 5-Mile Radius.
- With More than 900 Locations, Raising Cane's Achieved $5.1 Billion in 2024 Systemwide Sales and a $6.6 Million AUV - the Second-Highest Among All U.S. Quick Service Restaurant Concepts, Trailing Only Chick-fil-A.
- Immediate Proximity to I-80 and I-294 Interchange - Situated Just South of the I-80/I-294 Interchange, Providing Instant Regional Connectivity and Drawing Daily Customers from a Broad Multi-Suburb Trade Area Across Chicago's Southland.
- Positioned on Homewood's Dominant Retail Corridor - Located on S. Halsted Street - Homewood's Primary Commercial Corridor Accounting for More than 60% of the Village's Total Commercial Sales - Ensuring Maximum Consumer Traffic Exposure.
- Immediately Surrounded by Home Depot, Menards, Kohl's, Best Buy, Burlington, Chick-fil-A, Portillo's, Chipotle, Starbucks, Five Below, Petco, Panera Bread, and Dave's Hot Chicken - Among the Highest Concentrations of National Retail in the South Suburbs.
- Forbes-Recognized "Most Livable" Suburb - Forbes.com has Named Homewood One of the Top Most Livable Metro-Area Suburbs in the Midwest, Reflecting the Village's Demographic Strength, School Quality, and Overall Community Stability. Outparcel to Target & Menard Anchored Power Center - the Property Sits as a Pad Site Adjacent to a High-Volume Target, Benefiting from the Anchor's Consistent Daily Foot Traffic and Shared Co-Tenancy with National Credit Retailers.
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | [email protected]
Listing Contacts
Listed by Marcus & Millichap - San Diego
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,000.00
$12,916.67/mo
Valuation Metrics
0
DSCR
4.7%
Cap Rate
4.7%
ROI
Map
Zoning
B-4 CommercialRetail CommercialShopping Center
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 110 uses
View all 110 uses Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?










