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Restaurant

Raising Cane's | NNN Ground Lease

8970 E US Hwy 36, Avon, IN 46123

Listing Price: $3,156,000

Cap Rate
4.75%
Tenant Name
Raising Cane's (Ground Lease)
Years Remaining On Lease
13.6
Gross SF
2,901
Guarantor
Corporate Guarantee
Rentable SF
2,901
Price/Gross SF
$1,087.90
Lease Type
NNN Ground Lease
Rent Per Square Feet
$51.71

Investment Overview

New Construction – Corporate Raising Cane’s Ground Lease | 13.75 Years Remaining on Triple-Net Ground Lease | 10 Percent Rent Increases Every Five Years Throughout Primary and Option Terms

Trophy Location: Outparcel to Costco at a Signalized Intersection – Main Entrance to Costco | Double Drive-Thru Location on Oversized, 2.19 Acre Parcel

High Traffic Exposure: Located along US Highway 36/Rockville Road with 54,000+ VPD at Intersection
Rapid-Growth, Affluent Suburban Location to Indianapolis | Three-Mile Population has Increased by 105% Since 2000 | Three-Mile Average Household Income is $102,874

11 Miles to Downtown Indianapolis | Avon is Located in Hendricks County which Has Grown 66% Since 2000

Surrounded by National Tenants: Costco, Walmart, Hobby Lobby, At Home, Starbucks, Cooper’s Hawk Winery, Zaxby’s, Bubba’s 33, Chicken Salad Chick, First Watch, Penn Station, Torchy’s Tacos, Bibibop, Ace Hardware (Under Development), Toyota, Hyundai, Volkswagen, KIA

Indiana is #1 Best State to Start a Business (Forbes) | #9 State Business Tax Climate (Tax Foundation) | Indiana is Ranked #1 in US for Infrastructure (CNBC) | #2 in Cost of Doing Business (CNBC)

Raising Cane’s is One of the Fastest Growing Concepts in America | 700 Locations in the US | $3.12 Billion in Companywide Revenue (2022) | 31.2% Revenue Growth in 2022 | $5.44 Million in Average Unit Volume (2022) – #2 Highest AUV in Quick Service Restaurant Chain Category

Investment Highlights

  • Trophy Location: Outparcel to Costco at a Signalized Intersection – Main Entrance to Costco | Double Drive-Thru Location on Oversized, 2.19 Acre Parcel
  • New Construction – Corporate Raising Cane's Ground Lease | 13.75 Years Remaining on Triple-Net Ground Lease | 10 Percent Rent Increases Every Five Years Throughout Primary and Option Terms
  • High Traffic Exposure: Located along US Highway 36/Rockville Road with 54,000+ Vehicles Per Day at Intersection
  • Rapid-Growth, Affluent Suburban Location to Indianapolis | Three-Mile Population has Increased by 105 Percent Since 2000 | Three-Mile Average Household Income is $102,874

Exclusively Listed By

Restaurant

Raising Cane's | NNN Ground Lease

Listing Price: $3,156,000

Cap Rate
4.75%
Tenant Name
Raising Cane's (Ground Lease)
Years Remaining On Lease
13.6
Gross SF
2,901
Guarantor
Corporate Guarantee
Rentable SF
2,901
Price/Gross SF
$1,087.90
Lease Type
NNN Ground Lease
Rent Per Square Feet
$51.71

Investment Highlights

  • Trophy Location: Outparcel to Costco at a Signalized Intersection – Main Entrance to Costco | Double Drive-Thru Location on Oversized, 2.19 Acre Parcel
  • New Construction – Corporate Raising Cane's Ground Lease | 13.75 Years Remaining on Triple-Net Ground Lease | 10 Percent Rent Increases Every Five Years Throughout Primary and Option Terms
  • High Traffic Exposure: Located along US Highway 36/Rockville Road with 54,000+ Vehicles Per Day at Intersection
  • Rapid-Growth, Affluent Suburban Location to Indianapolis | Three-Mile Population has Increased by 105 Percent Since 2000 | Three-Mile Average Household Income is $102,874

Investment Overview

New Construction – Corporate Raising Cane’s Ground Lease | 13.75 Years Remaining on Triple-Net Ground Lease | 10 Percent Rent Increases Every Five Years Throughout Primary and Option Terms Trophy Location: Outparcel to Costco at a Signalized Intersection – Main Entrance to Costco | Double Drive-Thru Location on Oversized, 2.19 Acre Parcel High Traffic Exposure: Located along US Highway 36/Rockville Road with 54,000+ VPD at Intersection Rapid-Growth, Affluent Suburban Location to Indianapolis | Three-Mile Population has Increased by 105% Since 2000 | Three-Mile Average Household Income is $102,874 11 Miles to Downtown Indianapolis | Avon is Located in Hendricks County which Has Grown 66% Since 2000 Surrounded by National Tenants: Costco, Walmart, Hobby Lobby, At Home, Starbucks, Cooper’s Hawk Winery, Zaxby’s, Bubba’s 33, Chicken Salad Chick, First Watch, Penn Station, Torchy’s Tacos, Bibibop, Ace Hardware (Under Development), Toyota, Hyundai, Volkswagen, KIA Indiana is #1 Best State to Start a Business (Forbes) | #9 State Business Tax Climate (Tax Foundation) | Indiana is Ranked #1 in US for Infrastructure (CNBC) | #2 in Cost of Doing Business (CNBC) Raising Cane’s is One of the Fastest Growing Concepts in America | 700 Locations in the US | $3.12 Billion in Companywide Revenue (2022) | 31.2% Revenue Growth in 2022 | $5.44 Million in Average Unit Volume (2022) – #2 Highest AUV in Quick Service Restaurant Chain Category

Exclusively Listed By

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