Restaurant
Raising Cane's | New 15-Year NNN Ground Lease
1833 Gunbarrel Rd, Chattanooga, TN 37421
Listing Price: $4,494,000
Cap Rate
4.45%
Tenant Name
Raising Cane's
Years Remaining On Lease
13.9
Guarantor
Corporate Guarantee
Rentable SF
2,913
Lease Type
NNN Ground Lease
Rent Per Square Feet
$68.66
Investment Overview
Marcus & Millichap is pleased to present the Raising Cane's in Chattanooga, TN.
Raising Cane's | New 15-Year NNN Ground Lease
Investment Highlights
- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- Corporate Guaranty, 915+ Locations in 42+ States and $5.1 Billion in System-wide Sales
- Significant Capital Investment by Tenant to Build New Prototype with State-of-the-Art Design and Dual Drive-Thru
- Average Unit-Level Sales for Raising Canes is $6.6 Million, More Than Double the Fast-Food Average and Behind Only Chick-fil-A
- Raising Canes Has Experienced 64 Quarters (16 Years) of Positive Same-Store Sales Growth
- Serving Over 110,800 Residents in One of the Fastest-Growing Submarkets of Chattanooga
Exclusively Listed By
Broker of Record
-
Jody McKibben
Senior Managing Director, Market Leader - Mid-South
Financing By
Listing Price: $4,494,000
Cap Rate
4.45%
Tenant Name
Raising Cane's
Years Remaining On Lease
13.9
Guarantor
Corporate Guarantee
Rentable SF
2,913
Lease Type
NNN Ground Lease
Rent Per Square Feet
$68.66
Investment Highlights
- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- Corporate Guaranty, 915+ Locations in 42+ States and $5.1 Billion in System-wide Sales
- Significant Capital Investment by Tenant to Build New Prototype with State-of-the-Art Design and Dual Drive-Thru
- Average Unit-Level Sales for Raising Canes is $6.6 Million, More Than Double the Fast-Food Average and Behind Only Chick-fil-A
- Raising Canes Has Experienced 64 Quarters (16 Years) of Positive Same-Store Sales Growth
- Serving Over 110,800 Residents in One of the Fastest-Growing Submarkets of Chattanooga
Investment Overview
Marcus & Millichap is pleased to present the Raising Cane's in Chattanooga, TN.
Exclusively Listed By
Broker of Record
-
Jody McKibben
Senior Managing Director, Market Leader - Mid-South
Financing By
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