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34516488
34516492

643-645 U.S. 46, Fairfield, NJ 07004 For Sale

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
NG
PA RS350646
Marcus & Millichap - Philadelphia
MK
PA R336064
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia
$9,407,656
1 day on market
Updated 1 day ago

Raising Canes & Starbucks

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 5,037
Units 2
Cap Rate 5.04%
NOI $474,000
Occupancy 100%
Tenancy Multi
Brand/Tenant Starbucks, Raising Cane's
Rent Bumps Yes
Year Built 2025
Acreage 3.300
Zoning HD
Tenant Credit Corporate Guarantee
Ground Lease Yes

BRAND NEW CONSTRUCTION | CORPORATE LEASES | ESSEX COUNTY NJ – 30 MILES TO NYC

Investment highlights

NEW CONSTRUCTION PROTOTYPE W/ DRIVE-THRUS | 3.30-ACRE LOT

• Purpose-built, brand-new Raising Cane’s on a 1.45-acre lot and Starbucks on a 1.85-acre lot, purpose-designed for drive-thru throughput and operational efficiency

EXCEPTIONAL HIGHWAY ACCESS & VISIBILITY | ROUTE 46

• Direct Route 46 frontage with 37,000+ vehicles per day

• Property sits at the interchange entrance and exit, delivering unmatched accessibility and daily traffic exposure

STRONG CORPORATE GUARANTEES | MINIMAL LANDLORD RESPONSIBILITIES | PASSIVE INVESTMENT

• Raising Cane’s: True NNN Ground lease structure with zero landlord responsibilities

• Starbucks: NN lease structure – Landlord responsible for roof/structure

DENSE & AFFLUENT TRADE AREA | GROWTH MARKET

• 232,000+ population within 5 miles and projected 4.8% population growth over the next 5 years

• Average household income of $157,000 within 3 miles reflects a high-spending consumer base

RAISING CANE’S | ONE OF THE FASTEST-GROWING QSR BRANDS IN THE U.S.

• Raising Cane’s operates 900+ locations nationwide and continues rapid expansion, with 100+ new

units planned for 2026

ATTRACTIVE INFLATION HEDGE | 10% RENTAL BUMPS EVERY 5 YEARS

• Scheduled 10% rent escalations every 5 years throughout the base term and the renewal options

HEALTHY RENT-TO-SALES RATIO | PROVEN UNIT ECONOMICS

• Raising Cane’s operates at an average of $6.6M in sales per location, yielding a potential healthy 4.2% rent-to-sales ratio at this site

Listing Contacts

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
NG
PA RS350646
Marcus & Millichap - Philadelphia
MK
PA R336064
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$474,000.00
$39,500.00/mo

Valuation Metrics

0
DSCR
5.04%
Cap Rate
5.04%
ROI

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Additional Information

Name
Jim McGuckin
License
NJ 2082114
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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