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Restaurant

Raising Cane's

1601 E Broadway St, Pearland, TX 77581

Listing Price: $3,494,000

Cap Rate
4.25%
Tenant Name
Raising Cane's
Years Remaining On Lease
6.9
Guarantor
Corporate Guarantee
Rentable SF
2,581
Lease Type
NNN Ground Lease
Rent Per Square Feet
$57.54

Investment Overview

The subject property is a ±2,581 square foot Raising Cane’s located in Pearland, Texas. Raising Cane’s signed a fifteen-year absolute triple net ground lease with ten percent (10%) rental increases every five years, and in each of the four, five-year renewal options. Raising Cane’s, a private company, has been in operation since 1996 and has over 740 locations across 31 US states and five countries

Investment Highlights

  • 2015 Construction Raising Cane's – Original 15-Year Absolute NNN Ground Lease in Pearland, Texas Featuring 10% Rental Increases Every Five Years
  • Below-Market Rent for Raising Cane's – Currently Paying 35% Less than the National Average for Raising Cane's.
  • Features Easy Access and Excellent Visibility on East Broadway Street and Dixie Farm Road to Over 50,000 Vehicles Per Day
  • "Main and Main" Directly Across the Street from a Walmart Supercenter and Caddy Corner from The Home Depot
  • Impressive Average Household Income of $151,000, $133,000, and $112,000 in a 1-Mile, 3-Mile, and 5-Mile Radius, Respectively.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Restaurant

Raising Cane's

Listing Price: $3,494,000

Cap Rate
4.25%
Tenant Name
Raising Cane's
Years Remaining On Lease
6.9
Guarantor
Corporate Guarantee
Rentable SF
2,581
Lease Type
NNN Ground Lease
Rent Per Square Feet
$57.54

Investment Highlights

  • 2015 Construction Raising Cane's – Original 15-Year Absolute NNN Ground Lease in Pearland, Texas Featuring 10% Rental Increases Every Five Years
  • Below-Market Rent for Raising Cane's – Currently Paying 35% Less than the National Average for Raising Cane's.
  • Features Easy Access and Excellent Visibility on East Broadway Street and Dixie Farm Road to Over 50,000 Vehicles Per Day
  • "Main and Main" Directly Across the Street from a Walmart Supercenter and Caddy Corner from The Home Depot
  • Impressive Average Household Income of $151,000, $133,000, and $112,000 in a 1-Mile, 3-Mile, and 5-Mile Radius, Respectively.

Investment Overview

The subject property is a ±2,581 square foot Raising Cane’s located in Pearland, Texas. Raising Cane’s signed a fifteen-year absolute triple net ground lease with ten percent (10%) rental increases every five years, and in each of the four, five-year renewal options. Raising Cane’s, a private company, has been in operation since 1996 and has over 740 locations across 31 US states and five countries

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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