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Restaurant

Raising Canes | 15-Years Remain | Richmond, VA MSA | 1st Freestanding Location in VA

1321 Huguenot Rd, Midlothian, VA 23113

Listing Price: $3,368,421

Cap Rate
4.75%
Tenant Name
Raising Canes
Years Remaining On Lease
13.6
Guarantor
Corporate Guarantee
Rentable SF
3,330
Lease Type
NNN Ground Lease
Rent Per Square Feet
$48.05

Investment Overview

The 3,330-square-foot prototype features both a dual drive-thru and outdoor patio seating. It is adjacent to newly constructed pad sites to Torchy’s Tacos, Chase Bank, and a national user under LOI, as well as an outparcel to Chesterfield Towne Center. The Towne Center is the largest enclosed shopping center in the Richmond area with over 1 million square-feet of retail anchored by At Home, TJ Maxx, Macy’s, Old Navy, and Kirkland’s. Per Placer.ai, the center averages 5.6 million annual customer visits and ranks in the 98th percentile of shopping centers in the state.

*The three neighboring pads are also available for sale. Please contact the listing agent for details.

Investment Highlights

  • New 15-Year Corporate Lease; Nation's Fastest Growing Chicken Chain with 600+ Locations
  • Highly Visible 1.391-Acre Parcel to 46,000 VPD
  • 10 Percent Increases Every 5 Years

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Restaurant

Raising Canes | 15-Years Remain | Richmond, VA MSA | 1st Freestanding Location in VA

Listing Price: $3,368,421

Cap Rate
4.75%
Tenant Name
Raising Canes
Years Remaining On Lease
13.6
Guarantor
Corporate Guarantee
Rentable SF
3,330
Lease Type
NNN Ground Lease
Rent Per Square Feet
$48.05

Investment Highlights

  • New 15-Year Corporate Lease; Nation's Fastest Growing Chicken Chain with 600+ Locations
  • Highly Visible 1.391-Acre Parcel to 46,000 VPD
  • 10 Percent Increases Every 5 Years

Investment Overview

The 3,330-square-foot prototype features both a dual drive-thru and outdoor patio seating. It is adjacent to newly constructed pad sites to Torchy’s Tacos, Chase Bank, and a national user under LOI, as well as an outparcel to Chesterfield Towne Center. The Towne Center is the largest enclosed shopping center in the Richmond area with over 1 million square-feet of retail anchored by At Home, TJ Maxx, Macy’s, Old Navy, and Kirkland’s. Per Placer.ai, the center averages 5.6 million annual customer visits and ranks in the 98th percentile of shopping centers in the state. *The three neighboring pads are also available for sale. Please contact the listing agent for details.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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