Restaurant
Raising Cane's
1601 E Broadway St, Pearland, TX 77581
Listing Price: $3,494,000
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
Raising Cane's
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
Financing By
Listing Price: $3,494,000
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
Financing By
