Skip to main content

Restaurant

Raising Cane's - 6.93% Rent to Sales | Recently Extended Lease

3801 LA-22, Mandeville, LA 70471

Listing Price: $4,505,000

Cap Rate
5.00%
Tenant Name
Raising Cane's
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
3,678
Lease Type
Absolute Net
Rent Per Square Feet
$61.24

Investment Overview

Prime Retail Location Located Right Off of Highway 190 with a Traffic Count Over 55,000 Cars Per Day Located Less than 2 Miles from Lakeview Regional Medical Center with Over 200 Beds Large ±1.00 Acre Parcel Over 73,000 Residents within 5 Miles of Subject Property Mandeville, LA is an Affluent Bedroom Community to New Orleans with an Average Household Income Exceeding $136,000 within 1 Mile Located on Retail Corridor Creating a Great Synergy between other National Brands such as Whole Foods Market, HomeGoods, Chase Bank, Chipotle, McDonald’s, Rouses Market, Many More Corporate Guaranteed Lease Absolute NNN Lease with Zero Landlord Responsibilities – Ideal for Investors not local to the market Proven Location with the Tenant Occupying this Site since 2010 Raising Cane’s has Over 500 Locations Raising Cane’s has an Average Unit Volume of $3,500,000+ in Sales Raising Cane’s Tenant is One of the Fastest Growing QSR Restaurants in the United States with Annual Revenue of $1.5B.

Investment Highlights

  • Additional Locations Available - Please Contact Agents for More Details
  • Corporate Guaranteed Raising Cane's Restaurant | Low Rent to Sales Ratio of 6.93%
  • Located at Signalized Intersection with Traffic Counts Exceeding 27,000 Cars Per Day
  • Tenant Recently Extended Their Lease Which Demonstrates a Strong Commitment to the Site
  • Raising Canes has One of the Strongest Brand Loyalties in the State of LA | Raising Cane's is Headquartered in Baton Rouge, LA

Exclusively Listed By

Restaurant

Raising Cane's - 6.93% Rent to Sales | Recently Extended Lease

Listing Price: $4,505,000

Cap Rate
5.00%
Tenant Name
Raising Cane's
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
3,678
Lease Type
Absolute Net
Rent Per Square Feet
$61.24

Investment Highlights

  • Additional Locations Available - Please Contact Agents for More Details
  • Corporate Guaranteed Raising Cane's Restaurant | Low Rent to Sales Ratio of 6.93%
  • Located at Signalized Intersection with Traffic Counts Exceeding 27,000 Cars Per Day
  • Tenant Recently Extended Their Lease Which Demonstrates a Strong Commitment to the Site
  • Raising Canes has One of the Strongest Brand Loyalties in the State of LA | Raising Cane's is Headquartered in Baton Rouge, LA

Investment Overview

Prime Retail Location Located Right Off of Highway 190 with a Traffic Count Over 55,000 Cars Per Day Located Less than 2 Miles from Lakeview Regional Medical Center with Over 200 Beds Large ±1.00 Acre Parcel Over 73,000 Residents within 5 Miles of Subject Property Mandeville, LA is an Affluent Bedroom Community to New Orleans with an Average Household Income Exceeding $136,000 within 1 Mile Located on Retail Corridor Creating a Great Synergy between other National Brands such as Whole Foods Market, HomeGoods, Chase Bank, Chipotle, McDonald’s, Rouses Market, Many More Corporate Guaranteed Lease Absolute NNN Lease with Zero Landlord Responsibilities – Ideal for Investors not local to the market Proven Location with the Tenant Occupying this Site since 2010 Raising Cane’s has Over 500 Locations Raising Cane’s has an Average Unit Volume of $3,500,000+ in Sales Raising Cane’s Tenant is One of the Fastest Growing QSR Restaurants in the United States with Annual Revenue of $1.5B.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower