Investment Highlights
Brand New 15-Year Lease | Scheduled Rental Increases | Options to Extend | Growing & Popular Brand
Signalized, Hard-Corner Intersection (40,000 VPD) | Excellent Visibility | Significant Street Frontage | Large Pylon Sign
Strong Demographics In 5-Mile Trade Area
Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Outparcel to Target | Retail Corridor | Drive-Thru Equipped |Strong National/Credit Tenant Presence
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Raising Cane?s investment property located in Quincy, Illinois. The tenant, Raising Cane?s Restaurants, LLC recently signed a brand new 15 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
