Listed by Hanley Investment Group
$6,670,000
Raising Cane’s | Mesa, AZ
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,030
Net Rentable (SqFt) 3,030
Cap Rate 4.50%
NOI $300,080
Occupancy 100%
Tenancy Single
Brand/Tenant Raising Cane's
Lease Type Absolute NNN
Lease Expiration 07/31/2037
Rent Bumps Yes
Lease Options Three 5-Year @ 10% Increases
Year Built 2017
Acreage 0.790
Lease Commencement 06/16/2017
Ground Lease No
Rare Land and Building Offering (Depreciable Asset) | 20-Year Absolute NNN Lease (11 Years Remaining
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://hanleyinvestmentgroup.com/listings/?id=a0EPg0000090uTF&track=umsjitudvsszXbSiRIzOCLptq
Investment highlights
- Single-Tenant Raising Cane’s:
- 20-year absolute NNN corporate lease; 11 years remaining
- 10% increases every 5 years during the base term and each of the three 5-year options
- Raising Cane’s has more than 900 locations in 45 states, and opened 100 locations across several new markets in 2025
- Raising Cane’s is one of the fastest growing QSR chains in the U.S., the company has seen systemwide sales more than triple in recent years, to over $5.1 billion, with average unit volumes topping out at $6.5 million
- Rare Land and Building Investment Offering (Depreciable Asset)
- Prominent Exposure Along Greenfield Road (56,000 CPD)
- Dense Retail Corridor: The subject property is an outparcel to At Home; surrounding tenants include Walmart, Hobby Lobby, EOS Fitness, Sportsman’s Warehouse, Wendy’s, Starbucks, and more
- Dense, Affluent, High-Growth Demographics:
- $131,000 average household income within 1-mile
- 356,000 people within 5 miles
- Mesa, Arizona is America’s largest suburb
- Phoenix MSA (5.2 Million People):
- “5th Fastest-Growing Major Cities in the United States” – U.S. Census Bureau
- Ranked #4 for nominal population growth – U.S. Census Bureau
- Major tech hub with investments from Intel, Apple, and TSMC
Listing Contacts
Listed by Hanley Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$300,080.00
$25,006.67/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
Map
Zoning
LC CommercialSpecial CommercialLimited Commercial
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View all 110 uses Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics
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