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| Price $4,334,000 | Built/Renov 2024 | Tenant Raising Cane's (GL) |
| Cap Rate 4.50% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
2,813
| Lease Start
12-01-2024
| #Units
677
|
| Price/SF $1,540.70 | Expiration
11-30-2039
| Tenant Type Fast Casual/Rest. |
| NOI $195,000 | R. Term 14.11 | Ownership Ground Lease |
| Rent/SF
$69.32
| Increases 10.0%/5/yrs | Pop 5Mi 200,969 |
| Lot/AC 1.57 | Options 4/5yrs/10% | AHHI 5Mi $109,057 |
| | |
Raising Cane's is strategically located at the signalized, hard corner intersection of Scenic Highway N/State Hwy 124 and North Rd. S.W., with access to a combined daily traffic count of 45,600 vehicles. Raising Cane's is part of a larger development that will feature Miller’s Ale House, City Barbeque, Whataburger, and more. The immediate trade area is supported by well-known national tenants,...
...New construction
Signalized intersection
Dense retail corridor
Highway location
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Absolute NNN
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 : | 6,224 | 76,179 | 207,262 |
| 2023 Total Population : | 6,116 | 71,969 | 200,969 |
| 2023 Employed Civilian Pop : | 2,999 | 37,658 | 102,380 |
| 2023 Total Businesses : | 285 | 2,181 | 5,708 |
| 2023 Average Household Income : | $ 142,582 | $ 122,293 | $ 109,057 |
| 2023 Total Consumer Spending : | $ 235 M | $ 2377 M | $ 5967 M |
| 2023 Median Age : | 46 | 40 | 37 |
| 2023 Total Households : | 1,968 | 22,887 | 63,780 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,272 | 14,601 | 35,519 |
| 2023 Average Home Value : | $ 429,945 | $ 371,299 | $ 341,271 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Webb Gin House Rd | Heritage Hills Cir | 2013 | 13,516 | 0.29 mi |
| North Rd SW | Mt Zion Rd SW | 2012 | 4,420 | 0.37 mi |
| Scenic Highway | Blue Heather Ct SW | 2021 | 41,200 | 0.53 mi |
| Scenic Highway | Ridgedale Dr | 2019 | 41,300 | 0.53 mi |
| Ridgedale Dr | Scenic Hwy | 2013 | 6,062 | 0.55 mi |
| Janmar Rd | Raintree Ct | 2013 | 4,423 | 0.63 mi |
| Rocky Rd | Gate Post Ln | 2012 | 4,320 | 0.70 mi |
| Hatteras Trail | Greensboro Way | 2021 | 740 | 0.78 mi |
| Pharrs Rd | Long St SW | 2012 | 7,744 | 0.83 mi |
| Ridgedale Dr | Brandie Elaine Ave SW | 2014 | 4,563 | 0.86 mi |
Shelton, CT
Cap Rate 4.25%
Lease Abs NNN
R. Term 19.70 yrs
Size/SF 5,600
Pensacola, FL
Cap Rate 5.24%
Lease Abs NNN
R. Term 10.40 yrs
Size/SF 4,861
Warwick, RI
Cap Rate 4.65%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 3,286
Manchester, NH
Cap Rate 4.60%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 3,366
Amarillo, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 16.20 yrs
Size/SF 4,417
Corona, CA
Cap Rate 4.35%
Lease Abs NNN
R. Term 17.00 yrs
Size/SF 2,650
Denver, CO
Cap Rate 4.50%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 2,313
Largo, FL
Cap Rate 4.45%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 2,975
McDonough, GA
Cap Rate 4.00%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 2,864
South Gate, CA
Cap Rate 4.60%
Lease Abs NNN
R. Term 13.50 yrs
Size/SF 1,807
Brandon, FL
Cap Rate 3.75%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 2,656
Cathedral City, CA
Cap Rate 4.25%
Lease NN+
R. Term 15.10 yrs
Size/SF 2,325
Corona, CA
Cap Rate 4.00%
Lease Abs NNN
R. Term 17.70 yrs
Size/SF 2,650
Rancho Cordova, CA
Cap Rate 4.25%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 2,325
Tampa, FL
Cap Rate 4.50%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 2,500
Merritt Island, FL
Cap Rate 4.00%
Lease Abs NNN
R. Term 8.11 yrs
Size/SF 4,996
Spring Hill, FL
Cap Rate 4.30%
Lease Abs NNN
R. Term 20.10 yrs
Size/SF 2,489
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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