Restaurant
Raising Cane's Corporate Abs NNN | 10.5 Years Remaining
21330 Center Ridge Rd, Rocky River, OH 44116
Listing Price: $5,133,000
Investment Overview
Raising Cane’s Absolute NNN Corporate Lease with 10.5 Years Remaining. 2020 Construction / Large 1.24-Acre Parcel / Excellent Visibility and Two Points of Ingress/Egress. Absolute NNN Lease – Zero Landlord Responsibilities. Corporate Purchased Unit in 2021 from Franchisee – Substantial Investment into Continued Success. 20,000 Cars/Day on Center Ridge Corridor; Neighbored by Target, Home Depot, Lowe’s, Kohl’s, ALDI.
Raising Cane's Corporate Abs NNN | 10.5 Years Remaining
Investment Highlights
- Raising Cane's Absolute NNN Corporate Lease with 10.5 Years Remaining
- 5.25% CAP / 5.78% CAP in 2030 – 10% Increases Every 5 Years
- Affluent/Infill Demo's: 1-Mi = 14K People / $102K AHHI; 3-Mi = 92K People / $97K AHHI
- Across from #19 ALDI (out of 155, 88% Percentile Performer) in Ohio, per Placer.ai
- 20,000 Cars/Day on Center Ridge Corridor; Neighbored by Target, Home Depot, Lowe's, Kohl's, ALDI
- Absolute NNN Lease – Zero Landlord Responsibilities
- Neighbored by #5 Target (out of 64, 93% Percentile Performer) in Ohio, per Placer.ai
- Cleveland MSA – 2.1M People; Part of 3.5M Person Cleveland-Akron-Canton CSA
Exclusively Listed By
Restaurant
Raising Cane's Corporate Abs NNN | 10.5 Years Remaining
Listing Price: $5,133,000
Investment Highlights
- Raising Cane's Absolute NNN Corporate Lease with 10.5 Years Remaining
- 5.25% CAP / 5.78% CAP in 2030 – 10% Increases Every 5 Years
- Affluent/Infill Demo's: 1-Mi = 14K People / $102K AHHI; 3-Mi = 92K People / $97K AHHI
- Across from #19 ALDI (out of 155, 88% Percentile Performer) in Ohio, per Placer.ai
- 20,000 Cars/Day on Center Ridge Corridor; Neighbored by Target, Home Depot, Lowe's, Kohl's, ALDI
- Absolute NNN Lease – Zero Landlord Responsibilities
- Neighbored by #5 Target (out of 64, 93% Percentile Performer) in Ohio, per Placer.ai
- Cleveland MSA – 2.1M People; Part of 3.5M Person Cleveland-Akron-Canton CSA
Investment Overview
Raising Cane’s Absolute NNN Corporate Lease with 10.5 Years Remaining. 2020 Construction / Large 1.24-Acre Parcel / Excellent Visibility and Two Points of Ingress/Egress. Absolute NNN Lease – Zero Landlord Responsibilities. Corporate Purchased Unit in 2021 from Franchisee – Substantial Investment into Continued Success. 20,000 Cars/Day on Center Ridge Corridor; Neighbored by Target, Home Depot, Lowe’s, Kohl’s, ALDI.
Exclusively Listed By
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