New Raising Cane's | New 15yr Corp Grd Lse 1416 Scenic N Hwy

Investment Highlights

Brand New 15-Year Lease | Options To Extend | Corporate Signed | 10% Rental Increases Fronting Scenic Highway | Part of Larger Development | Surrounding National/Credit Tenants | Drive-Thru Equipped Absolute NNN (Ground Lease) | Land Ownership | Zero Landlord Responsibilities Strong Demographics in 5-Mile Trade Area | Affluent 1-Mile

Executive Summary

? Brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site? Lease is signed by the corporate entity, Raising Cane?s Restaurants, LLC? The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation? Raising Cane?s is an established and nationally recognized brand with over 600 locations and one of the fastest growing chains in the U.S.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
• Building Size    2,813
• Building Class    C
• Year Built    2024
• Construction Status    Under Construction
• Price    4,334,000
• Price Per SF    1,541
• Cap Rate    4.50
• NOI    195,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    1.57 AC

• Freeway Visibility
• Restaurant
• Signage
• Drive Thru