Restaurant
Raising Cane's
21330 Center Ridge Rd, Rocky River, OH 44116
Listing Price: $5,900,000
Investment Overview
Raising Cane’s Absolute NNN Lease with 12.75 Years Remaining in Rocky River, OH (Cleveland MSA). Corporately-Operated Location & Corporate Lessee Entity - Raising Cane’s Restaurants, LLC. Situated Between Westgate (500K SF) & Westwood (250K SF) Open-Air Shopping Centers Anchored by Lowe’s, Target, Home Depot, Kohl’s & Marc’s. Rocky River is Amongst the Most Dense & Affluent of the Cleveland Suburbs – 93,000/3-Mi & 212,000 5-Mi Population w/ $81-91K AHHI. Raising Cane’s Added More Than 120 New Units (+25%) in Past 24 Months Despite COVID Challenges; Continuing Rapid Growth with 100 New Corporate Units Planned for 2022.
Raising Cane's
Investment Highlights
- Raising Cane's Absolute NNN Lease with 12.75 Years Remaining in Rocky River, OH (Cleveland MSA)
- Corporately-Operated Location & Corporate Lessee Entity - Raising Cane's Restaurants, LLC
- Dense/Affluent Location in the Center Ridge Road Corridor (20,000 VPD) with 12,846/1-Mi Population & $91K AHHI
- Originally a Franchised Unit; Sold to Raising Cane's Corporate in 2021 – Substantial Investment into Continued Success of This Location
- 10% Rent Increases Every 5 Years in Base Term and in the Options
- 2020 Construction with Drive-Thru on 1.24-Acre Parcel with Excellent Visibility and Two Points of Ingress/Egress
- Absolute NNN Lease – Zero Landlord Responsibilities
- Raising Cane's is One of America's Fastest Growing QSR Brands – Sales Estimated at Over $1.5 Billion Across 600 Stores
Listing Price: $5,900,000
Investment Highlights
- Raising Cane's Absolute NNN Lease with 12.75 Years Remaining in Rocky River, OH (Cleveland MSA)
- Corporately-Operated Location & Corporate Lessee Entity - Raising Cane's Restaurants, LLC
- Dense/Affluent Location in the Center Ridge Road Corridor (20,000 VPD) with 12,846/1-Mi Population & $91K AHHI
- Originally a Franchised Unit; Sold to Raising Cane's Corporate in 2021 – Substantial Investment into Continued Success of This Location
- 10% Rent Increases Every 5 Years in Base Term and in the Options
- 2020 Construction with Drive-Thru on 1.24-Acre Parcel with Excellent Visibility and Two Points of Ingress/Egress
- Absolute NNN Lease – Zero Landlord Responsibilities
- Raising Cane's is One of America's Fastest Growing QSR Brands – Sales Estimated at Over $1.5 Billion Across 600 Stores
Investment Overview
Raising Cane’s Absolute NNN Lease with 12.75 Years Remaining in Rocky River, OH (Cleveland MSA). Corporately-Operated Location & Corporate Lessee Entity - Raising Cane’s Restaurants, LLC. Situated Between Westgate (500K SF) & Westwood (250K SF) Open-Air Shopping Centers Anchored by Lowe’s, Target, Home Depot, Kohl’s & Marc’s. Rocky River is Amongst the Most Dense & Affluent of the Cleveland Suburbs – 93,000/3-Mi & 212,000 5-Mi Population w/ $81-91K AHHI. Raising Cane’s Added More Than 120 New Units (+25%) in Past 24 Months Despite COVID Challenges; Continuing Rapid Growth with 100 New Corporate Units Planned for 2022.
