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Restaurant

Raising Cane's Ground Lease - New 15 Yr NNN

1731 N Arizona Ave, Chandler, AZ 85225

Listing Price: $4,857,000

Cap Rate
3.50%
Tenant Name
Raising Cane's Restaurants LLC
Years Remaining On Lease
15.4
Gross SF
3,181
Guarantor
Corporate Guarantee
Rentable SF
3,181
Price/Gross SF
$1,526.88
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.44

Investment Overview

Raising Cane’s is renowned for its fresh, never frozen chicken fingers, its crave-able – some say addictive – secret-recipe Cane’s sauce, crinkle-cut fries, coleslaw, Texas toast, freshly brewed sweet tea and fresh-squeezed lemonade. Located in Metropolitan Phoenix, Chandler embodies an active lifestyle with easy access to outdoor recreation with endless family-fun, award-winning events, world-class golf facilities, and a vibrant downtown. Visitors and residents enjoy the diverse community with its vibrant restaurants of every cuisine, premier shopping, arts and culture and a wide range of things to do all year-round.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Corporate Ground Lease
  • Oversized Parcel of Land
  • 10 Percent Rental Increases Every Five Years
  • Growing Trade Area - Households Projected to Increase 4 Percent + in Immediate Area by 2026
  • 381,198 Residents within a Five-Mile Radius - Phoenix MSA
  • Situated at a Dense Retail Intersection - Dunkin' Donuts, Arby's, Jack-in-the-Box, QuikTrip, Domino's Pizza, and More
  • New 2022 Construction with a Patio, Two Drive-Through Lanes, and 55 Parking Spaces
  • Excellent Visibility Along North Arizona Avenue (31,040+ Cars/Day) with Over 56,475 Cars per Day at the Intersection of North Arizona Avenue and East Warner Road

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Restaurant

Raising Cane's Ground Lease - New 15 Yr NNN

Listing Price: $4,857,000

Cap Rate
3.50%
Tenant Name
Raising Cane's Restaurants LLC
Years Remaining On Lease
15.4
Gross SF
3,181
Guarantor
Corporate Guarantee
Rentable SF
3,181
Price/Gross SF
$1,526.88
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.44

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Corporate Ground Lease
  • Oversized Parcel of Land
  • 10 Percent Rental Increases Every Five Years
  • Growing Trade Area - Households Projected to Increase 4 Percent + in Immediate Area by 2026
  • 381,198 Residents within a Five-Mile Radius - Phoenix MSA
  • Situated at a Dense Retail Intersection - Dunkin' Donuts, Arby's, Jack-in-the-Box, QuikTrip, Domino's Pizza, and More
  • New 2022 Construction with a Patio, Two Drive-Through Lanes, and 55 Parking Spaces
  • Excellent Visibility Along North Arizona Avenue (31,040+ Cars/Day) with Over 56,475 Cars per Day at the Intersection of North Arizona Avenue and East Warner Road

Investment Overview

Raising Cane’s is renowned for its fresh, never frozen chicken fingers, its crave-able – some say addictive – secret-recipe Cane’s sauce, crinkle-cut fries, coleslaw, Texas toast, freshly brewed sweet tea and fresh-squeezed lemonade. Located in Metropolitan Phoenix, Chandler embodies an active lifestyle with easy access to outdoor recreation with endless family-fun, award-winning events, world-class golf facilities, and a vibrant downtown. Visitors and residents enjoy the diverse community with its vibrant restaurants of every cuisine, premier shopping, arts and culture and a wide range of things to do all year-round.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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