Raising Cane's

6811 Bardstown Road, Louisville, KY 40291

$4,875,000

Cap Rate 6.40%

Views: 61 DOM: 89 Updated: 10.30.24 Posted: 08.12.24 Status: Active

Summary

Price $4,875,000	Built/Renov 2000	Tenant Raising Cane's
Cap Rate 6.40%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,170	Lease Start 01-01-2015	#Units 749
Price/SF $1,537.85	Expiration 02-28-2034	Tenant Type Fast Casual/Rest.
NOI $312,018	R. Term 9.3	Ownership Fee Simple
Rent/SF $98.43	Increases 7.5%/5/yrs	Pop 5Mi 160,003
Lot/AC 0.90	Options 4/5yrs/7.5%	AHHI 5Mi $98,809

Lease Highlights

Raising Cane’s has 9+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 7.5% rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Raising Cane's is strategically located at the signalized, hard corner intersection of Bardstown Road and Cedar Look Drive, a primary north/south thoroughfare, with access to a combined daily traffic count of 41,400 vehicles. The property is situated less than 1/2 mile off Interstate 265 and is surrounded by well-known national tenants, including Walmart, Kroger, Walgreens, PetSuites, Taco...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Absolute NNN
Corporate Guarantee
Over 500 units backed

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Links

Raising Cane's Wikipedia Raising Cane's Wikipedia Louisville, Kentucky Zip Code 40291 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Raising Cane's
Guarantor:Corporate
Company:Raising Cane's Restaurants LLC
# Units:749
Stock:Private

About Tenant

Founded by Todd Graves in 1996 in Baton Rouge, Louisiana, Raising Cane’s is one of the fastest-growing quick-service restaurant chains in the U.S. Renowned for its fresh, never frozen chicken...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	9,226	68,329	164,924
2024 Total Population :	9,178	67,560	163,332
2024 Employed Civilian Pop :	4,774	36,105	85,039
2024 Total Businesses :	345	1,306	4,725
2024 Average Household Income :	$ 97,385	$ 109,054	$ 102,114
2024 Total Consumer Spending :	$ 324 M	$ 2542 M	$ 5845 M
2024 Median Age :	40	41	40
2024 Total Households :	3,811	26,766	65,364
2024 Pop Age 25+: Bachelor's Degree :	1,476	11,528	27,497
2024 Average Home Value :	$ 301,963	$ 302,755	$ 291,735

*ESRI data is presented for informational purposes only

Listing Broker

Evan Beeson

Sands Investment Group

Contact

2 Listings
116 Views
0 Sold

Scott Reid

ParaSell, Inc

Contact

34 Listings
1926 Views
3 Sold

Evan Beeson

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Scott Reid

ParaSell, Inc. is a national real estate services and consulting firm that specializes in commercial leasing and investment sales. We work with principals across the nation and have a proven process, proprietary time-saving technology, dedicated support staff and a relentless commitment to customer service.

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