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| Price $6,823,000 | Built/Renov 2022 | Tenant Raising Cane's (GL) |
| Cap Rate 4.25% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
3,660
| Lease Start
09-20-2021
| #Units
736
|
| Price/SF $1,864.21 | Expiration
09-20-2036
| Tenant Type Fast Casual/Rest. |
| NOI $290,000 | R. Term 12.0 | Ownership Ground Lease |
| Rent/SF
$79.23
| Increases 10.0%/2/yrs | Pop 5Mi 266,698 |
| Lot/AC 1.29 | Options 3/5yrs/10% | AHHI 5Mi $130,246 |
| | |
Raising Cane’s is strategically located near the signalized, hard-corner intersection of West Parkridge Avenue and North Main Street, averaging a combined 41,700 vehicles passing by daily. Furthermore, the asset is positioned near the on/off ramps to two major freeways, Interstate 15 (157,000 VPD), and State Highway 91 (233,000 VPD). The site is ideally situated in the heart of a dense retail...
...New construction
Dense retail corridor
Freeway close
Highway close
Dense 200M+ pop 5 mi
Affluent AHHI $100K 5 Mi
Brand new lease
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 12,324 | 118,665 | 268,831 |
| 2023 Total Population : | 12,123 | 117,444 | 266,172 |
| 2023 Employed Civilian Pop : | 6,236 | 56,177 | 130,667 |
| 2023 Total Businesses : | 1,134 | 6,222 | 9,867 |
| 2023 Average Household Income : | $ 96,587 | $ 109,383 | $ 130,101 |
| 2023 Total Consumer Spending : | $ 342 M | $ 3269 M | $ 8600 M |
| 2023 Median Age : | 34 | 34 | 34 |
| 2023 Total Households : | 4,135 | 34,804 | 77,743 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,638 | 12,451 | 35,935 |
| 2023 Average Home Value : | $ 518,497 | $ 567,129 | $ 602,260 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N Main St | Cota St | 2007 | 29,200 | 0.03 mi |
| W Parkridge Ave | N Main St | 2009 | 8,300 | 0.06 mi |
| E Parkridge Ave | Corona Ave | 2007 | 12,400 | 0.14 mi |
| Hamner Ave | N Main St | 2007 | 29,300 | 0.19 mi |
| N Main St | W Parkridge Ave | 2007 | 22,900 | 0.24 mi |
| River Rd | Headwater Rd | 2008 | 8,800 | 0.29 mi |
| Yuma Dr | Hamner Ave | 2008 | 28,000 | 0.30 mi |
| Corona Ave | Gilmore Dr | 2009 | 2,800 | 0.31 mi |
| Mountain Ave | 1st St | 2006 | 8,150 | 0.34 mi |
| I- 15 | Corona Ave | 2012 | 156,000 | 0.35 mi |
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Cap Rate 4.40%
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Brenham, TX
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DeFuniak Springs, FL
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Henderson, TX
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Cap Rate 4.40%
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Cap Rate 4.35%
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Big Spring, TX
Cap Rate 4.40%
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Clermont, FL
Cap Rate 5.00%
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Cap Rate 4.40%
Lease Abs NNN
R. Term 14.00 yrs
Size/SF 4,947
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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