Skip to main content

Restaurant

Raising Cane's

21330 Center Ridge Rd, Rocky River, OH 44116

Listing Price: $5,050,000

Cap Rate
4.85%
Tenant Name
Raising Cane's
Years Remaining On Lease
11.9
Gross SF
3,418
Guarantor
No Guarantee
Rentable SF
3,418
Price/Gross SF
$1,477.47
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$71.68

Investment Overview

Marcus & Millichap is pleased to present for sale, Raising Cane's in Rocky River, Ohio.

Investment Highlights

  • Raising Cane's Absolute Triple-Net Lease with 12 Years Remaining in Rocky River, Ohio (Cleveland MSA)
  • Corporately-Operated Location and Corporate Lessee Entity - Raising Cane's Restaurants, LLC
  • Dense/Affluent Location in the Center Ridge Road Corridor (20,000 Vehicles Per Day) with 12,846 One-Mile Population and $91,000 Average Household Income
  • Originally a Franchised Unit; Sold to Raising Cane's Corporate in 2021 – Substantial Investment into Continued Success of This Location
  • 10 Percent Rent Increases Every Five 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 Triple-Net 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

Exclusively Listed By

Financing By

Listing Price: $5,050,000

Cap Rate
4.85%
Tenant Name
Raising Cane's
Years Remaining On Lease
11.9
Gross SF
3,418
Guarantor
No Guarantee
Rentable SF
3,418
Price/Gross SF
$1,477.47
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$71.68

Investment Highlights

  • Raising Cane's Absolute Triple-Net Lease with 12 Years Remaining in Rocky River, Ohio (Cleveland MSA)
  • Corporately-Operated Location and Corporate Lessee Entity - Raising Cane's Restaurants, LLC
  • Dense/Affluent Location in the Center Ridge Road Corridor (20,000 Vehicles Per Day) with 12,846 One-Mile Population and $91,000 Average Household Income
  • Originally a Franchised Unit; Sold to Raising Cane's Corporate in 2021 – Substantial Investment into Continued Success of This Location
  • 10 Percent Rent Increases Every Five 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 Triple-Net 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

Marcus & Millichap is pleased to present for sale, Raising Cane's in Rocky River, Ohio.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower