Listed by SRS National Net Lease Group, SRS Real Estate Partners San Diego
$7,590,000
Raising Cane's | Lemon Grove, CA
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,481
Cap Rate 4.15%
NOI $315,000
Occupancy 100%
Tenancy Single
Brand/Tenant Raising Cane's
Lease Type Absolute NNN
Lease Expiration 08/31/2041
Remaining Term 15.2
Rent Bumps Yes
Lease Options 3 (5-year) & 1 (4-year)
Price per SqFt $2,180
Year Built 2026
Acreage 1.120
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes
New Construction | 15-Year Abs NNN Ground Lease | +200k Population in 3-Miles
Investment highlights
New Construction | 15-Year Ground Lease | Scheduled Rent Increases
- Raising Cane’s Corporate signed lease
- New 2026 high-end construction
- 15 years remaining with 3 (5-year) and 1 (4-year) option periods to extend
- The lease features 10% rent increases every 5 years throughout the initial term and option periods providing a hedge against inflation
Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
- No landlord responsibilities
- Ideal, management-free investment for a passive investor
Strong National Brand | Nationally Ranked
- Raising Cane’s was founded in 1994 and has since expanded to ~950 locations in 45 states
- Ranked #16 on QSR Magazine’s 2025 release of its top 50 restaurants based on US system-wide sales, and #3 in the Chicken category
Strategic Location | Robust Traffic | Highly Desirable In-fill San Diego Market
- Strategically located at the signalized intersection of Broadway and Buena Vista Avenue in Lemon Grove, in a densely populated area surrounded by strong national retail tenants with excellent access and visibility
- A combined 34,200 cars pass by the site at this intersection on average every day
- Situated 1 block south of Highway 94 (148,000 VPD)
- Rare opportunity to acquire retail property in the San Diego MSA within a dense, infill trade area with significant barriers to entry
Affluent, Direct Consumer Base | Strong Demographics In the Immediate Trade Area
- The 5-mile trade area is supported by more than 514,000 residents and 114,000 employees, providing a direct consumer base from which to draw
- Affluent trade area with an average household income over $119,000 within 1-mile, projected to increase to over $132,000 by 2030
Local Traffic Drivers
- Across Broadway from Home Depot (ranked in the top 2% nationwide in terms of customer visits by placer.AI) and Food 4 Less (ranked in the top 26%nationwide)
- 1 miles south of Helix High School (2,544 students)
- 2.5 miles north of Mount Miguel High School (1,506 students)
Listing Contacts
Listed by SRS National Net Lease Group, SRS Real Estate Partners San Diego
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$315,000.00
$26,250.00/mo
Valuation Metrics
0
DSCR
4.15%
Cap Rate
4.15%
ROI
Map
Zoning
GC CommercialGeneral CommercialGeneral Commercial
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View all 69 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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