40 Northwest Burnside Road
Absolute NNN Ground Lease with a Double Drive-Thru | Brand-New 15-Year Corporate-Guaranteed Lease
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Investment highlights
- Raising Cane’s Chicken Fingers – Absolute NNN Ground Lease
– New 15-year corporate-guaranteed lease with 10% rental increases every 5 years
– Oversized 1.8 acre parcel; double-drive thru location
– Only drive-thru format Raising Cane’s in Oregon; 2nd overall location in the state
– Raising Cane’s posted $5.1 billion in systemwide sales in 2024, up 33% year-over-year, with samestore
sales increasing 15%
– #2 average unit volume in fast food: average unit-level sales of 6.6 million are more than double the
QSR peer average
– Located in the top 9% most trafficked of in the strip/convenience category nationwide,
per Placer.ai
- Pad to Wunderland: A state-of-the-art European-designed electric go-kart racing venue featuring banked turns, top-rated laser tag, a theater, and more
than 100 modern and nostalgic arcade games, all operating on a nickel-based pricing model
– Raising Cane’s benefits from strong customer synergy with Wunderland, which draws families from the surrounding trade area and drives consistent crossshopping
traffic to the center
- Exceptional Market & Trade Area Fundamentals
– Dense Portland MSA location; Gresham is the 4th most populous city in Oregon and the 2nd largest
city in the Portland MSA, with approximately 110,000 residents and a median household income
of $78,000
– Approximately 235,000 residents with an average household income of $100,000 within a
5-mile radius
– 34% of households have children under 18, the core demographic for Wunderland’s entertainment
concept and the center’s family-service tenant mix
– The Portland MSA supports a $218 billion economy that has grown 59% over the past decade,
anchored by Nike, Intel, Providence Health & Services, and Oregon Health & Science University;
Portland is known as the “Silicon Forest” for its concentration of technology, advanced manufacturing, apparel,
bioscience, clean tech, and healthcare employers
– Fronts Burnside Road, the main retail thoroughfare connecting suburban Gresham to downtown Portland, at a signalized intersection with 50,000 cars per day
– Adjacent to Gresham High School (1,600 students)
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