Restaurant

Raising Cane’s | Little Rock | 15Yr Abs Net Ground Lease | Within Densest Daytime Population in AR

600 S University Ave, Little Rock, AR 72205

Listing Price: $3,555,556

Cap Rate
4.50%
Tenant Name
Raising Cane's
Years Remaining On Lease
14.9
Gross SF
3,316
Guarantor
Corporate Guarantee
Rentable SF
3,316
Price/Gross SF
$1,072.24
Lease Type
NNN Ground Lease
Rent Per Square Feet
$48.25

Investment Overview

Little Rock is the capital and largest city of Arkansas. It is also the geographical center of Arkansas and hub of business, the arts, government and healthcare in the state with a population of 628,293 and more than a million people living within an hours drive of downtown. The City of Little Rock is 119.5-square miles, while Pulaski County covers 781 square miles. Little Rock is home to major corporations such as Dillard’s and Acxiom, as well as companies in the robotics, software engineering, call center, transportation, wood products, aerospace, electric industries. Two major Interstate highways, Interstate 30 and Interstate 40, meet in Little Rock, with the Port of Little Rock serving as a shipping hub.

Investment Highlights

  • In Close Proximity to UAMS Medical Center - The University of Arkansas for Medical Sciences is one of the Region's Major Academic Health Centers. Recently Completed a 540k Sq.ft. Expansion, which gives the Teaching Hospital a total of 434 Beds.
  • 15 Year Absolute Net Ground Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New Construction w/ Drive Thru.
  • Raising Cane's has Faster Drive-Thru Service than any Other Major Fast-Food Chain and is One of the Fastest Growing in the Nation.
  • Within The District at Midtown - A New Mixed-Use Development in the Heart of the Midtown Retail and Medical Districts at the NEC of Interstate 630 and S. University Avenue.
  • The Area Enjoys the Densest Daytime Population in the State thanks to four Hospitals, more than 1 Million Sq.ft. of Retail and more than 500k Sq.ft. of Medical Office Space all within 2 miles.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 35k Vehicles. Direct Access from I-630 (110k+ VPD).
  • Across from CHI St. Vincent Infirmary Medical Center - A 600-Bed, 6,000+ Employees Acute-Care Hospital and Facility dedicated in High Quality, Compassionate Care Serving the Health Care needs of Arkansans, including Patients from all 75 Counties.
  • Walking Distance from the Little Rock Zoo - Arkansas's Largest Family Attraction located in the Heart of War Memorial Park with an Annual Attendance of more than 300k Visitors.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    License(s): AR: PB00066390

    Arkansas

Restaurant

Raising Cane’s | Little Rock | 15Yr Abs Net Ground Lease | Within Densest Daytime Population in AR

Listing Price: $3,555,556

Cap Rate
4.50%
Tenant Name
Raising Cane's
Years Remaining On Lease
14.9
Gross SF
3,316
Guarantor
Corporate Guarantee
Rentable SF
3,316
Price/Gross SF
$1,072.24
Lease Type
NNN Ground Lease
Rent Per Square Feet
$48.25

Investment Highlights

  • In Close Proximity to UAMS Medical Center - The University of Arkansas for Medical Sciences is one of the Region's Major Academic Health Centers. Recently Completed a 540k Sq.ft. Expansion, which gives the Teaching Hospital a total of 434 Beds.
  • 15 Year Absolute Net Ground Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New Construction w/ Drive Thru.
  • Raising Cane's has Faster Drive-Thru Service than any Other Major Fast-Food Chain and is One of the Fastest Growing in the Nation.
  • Within The District at Midtown - A New Mixed-Use Development in the Heart of the Midtown Retail and Medical Districts at the NEC of Interstate 630 and S. University Avenue.
  • The Area Enjoys the Densest Daytime Population in the State thanks to four Hospitals, more than 1 Million Sq.ft. of Retail and more than 500k Sq.ft. of Medical Office Space all within 2 miles.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 35k Vehicles. Direct Access from I-630 (110k+ VPD).
  • Across from CHI St. Vincent Infirmary Medical Center - A 600-Bed, 6,000+ Employees Acute-Care Hospital and Facility dedicated in High Quality, Compassionate Care Serving the Health Care needs of Arkansans, including Patients from all 75 Counties.
  • Walking Distance from the Little Rock Zoo - Arkansas's Largest Family Attraction located in the Heart of War Memorial Park with an Annual Attendance of more than 300k Visitors.

Investment Overview

Little Rock is the capital and largest city of Arkansas. It is also the geographical center of Arkansas and hub of business, the arts, government and healthcare in the state with a population of 628,293 and more than a million people living within an hours drive of downtown. The City of Little Rock is 119.5-square miles, while Pulaski County covers 781 square miles. Little Rock is home to major corporations such as Dillard’s and Acxiom, as well as companies in the robotics, software engineering, call center, transportation, wood products, aerospace, electric industries. Two major Interstate highways, Interstate 30 and Interstate 40, meet in Little Rock, with the Port of Little Rock serving as a shipping hub.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    License(s): AR: PB00066390

    Arkansas

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