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Restaurant

Raising Cane’s | Rare Low Rent | Ranked Top 92% in Texas (Placer.AI)

5302 McPherson Rd, Laredo, TX 78041

Listing Price: $2,090,000

Cap Rate
5.25%
Tenant Name
Raising Cane's Restaurants, LLC
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
3,092
Lease Type
NNN Ground Lease
Rent Per Square Feet
$35.46

Investment Overview

The subject property is an absolute NNN ground leased Raising Cane's located in Laredo, Texas. The property benefits from a highly visible corner-lot position along McPherson Road, a key arterial route in Laredo, and is located amid a well-developed commercial corridor with multiple national tenants including Subway, PNC Bank, Domino’s, Pizza Hut, AutoZone, Sonic Drive-In, Whataburger, Chipotle and H-E-B.

Investment Highlights

  • Corporate Ground Lease with Raising Cane's Restaurants, LLC
  • Outstanding Placer Rating - Top 86% Nationally | Top 92% in Texas
  • Absolute NNN – zero landlord responsibilities
  • Rare Low-Rent Site in Texas
  • Tax-Free Income State

Exclusively Listed By

  • Rich Merryman

    Executive Managing Director Investments

    (415) 625-2126

    Email Rich

    License(s): CA: 00934296

    San Francisco

  • Bill Schofield

    Senior Managing Director Investments

    (415) 625-2136

    Email Bill

    License(s): CA: 01239109

    San Francisco

  • Ryan Wilmer

    Senior Managing Director Investments

    (415) 625-2162

    Email Ryan

    License(s): CA: 01815949, NV: S.0201770

    San Francisco

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Restaurant

Raising Cane’s | Rare Low Rent | Ranked Top 92% in Texas (Placer.AI)

Listing Price: $2,090,000

Cap Rate
5.25%
Tenant Name
Raising Cane's Restaurants, LLC
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
3,092
Lease Type
NNN Ground Lease
Rent Per Square Feet
$35.46

Investment Highlights

  • Corporate Ground Lease with Raising Cane's Restaurants, LLC
  • Outstanding Placer Rating - Top 86% Nationally | Top 92% in Texas
  • Absolute NNN – zero landlord responsibilities
  • Rare Low-Rent Site in Texas
  • Tax-Free Income State

Investment Overview

The subject property is an absolute NNN ground leased Raising Cane's located in Laredo, Texas. The property benefits from a highly visible corner-lot position along McPherson Road, a key arterial route in Laredo, and is located amid a well-developed commercial corridor with multiple national tenants including Subway, PNC Bank, Domino’s, Pizza Hut, AutoZone, Sonic Drive-In, Whataburger, Chipotle and H-E-B.

Exclusively Listed By

  • Rich Merryman

    Executive Managing Director Investments

    (415) 625-2126

    Email Rich

    License(s): CA: 00934296

    San Francisco

  • Bill Schofield

    Senior Managing Director Investments

    (415) 625-2136

    Email Bill

    License(s): CA: 01239109

    San Francisco

  • Ryan Wilmer

    Senior Managing Director Investments

    (415) 625-2162

    Email Ryan

    License(s): CA: 01815949, NV: S.0201770

    San Francisco

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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