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Restaurant

Raising Cane's - Outparcel to Lowe's | 6.25% Rent to Sales

930 E County Line Rd, Ridgeland, MS 39157

Listing Price: $5,110,000

Cap Rate
5.00%
Tenant Name
Raising Cane's
Years Remaining On Lease
14.5
Guarantor
Corporate Guarantee
Rentable SF
3,708
Lease Type
Absolute Net
Rent Per Square Feet
$68.89

Investment Overview

Prime Retail Location Located Right Off Interstate 55 Connecting New Orleans to Memphis with a Traffic Count Over 117,000 Cars Per Day Outparcel to a Lowe’s Anchored Shopping Center The Subject Property is Centrally Located within 1 Mile of Major Drivers to the Area such as Walmart, Northpark Mall, Target, Home Depot, At Home, Tougaloo College, and Select Specialty Hospital Large ±0.97 Acre Parcel Over 96,000 Residents within 5 Miles of Subject Property Affluent Area with an Average Household Income Exceeding $87,000 within 5 Miles Located on Retail Corridor Creating a Great Synergy between other National Brands such as Big Lots, TJ Maxx, Marshalls, Harbor Freight Tools, Tuesday Morning, Krispy Kreme, Taco Bell, and 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 2005 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

  • Corporate Guaranteed Raising Cane's Restaurant | Low Rent to Sales Ratio of 6.25%
  • Located on E County Line Rd with Traffic Counts Exceeding 32,000 Cars Per Day
  • Tenant Recently Extended Their Lease Which Demonstrates a Strong Commitment to the Site

Exclusively Listed By

Restaurant

Raising Cane's - Outparcel to Lowe's | 6.25% Rent to Sales

Listing Price: $5,110,000

Cap Rate
5.00%
Tenant Name
Raising Cane's
Years Remaining On Lease
14.5
Guarantor
Corporate Guarantee
Rentable SF
3,708
Lease Type
Absolute Net
Rent Per Square Feet
$68.89

Investment Highlights

  • Corporate Guaranteed Raising Cane's Restaurant | Low Rent to Sales Ratio of 6.25%
  • Located on E County Line Rd with Traffic Counts Exceeding 32,000 Cars Per Day
  • Tenant Recently Extended Their Lease Which Demonstrates a Strong Commitment to the Site

Investment Overview

Prime Retail Location Located Right Off Interstate 55 Connecting New Orleans to Memphis with a Traffic Count Over 117,000 Cars Per Day Outparcel to a Lowe’s Anchored Shopping Center The Subject Property is Centrally Located within 1 Mile of Major Drivers to the Area such as Walmart, Northpark Mall, Target, Home Depot, At Home, Tougaloo College, and Select Specialty Hospital Large ±0.97 Acre Parcel Over 96,000 Residents within 5 Miles of Subject Property Affluent Area with an Average Household Income Exceeding $87,000 within 5 Miles Located on Retail Corridor Creating a Great Synergy between other National Brands such as Big Lots, TJ Maxx, Marshalls, Harbor Freight Tools, Tuesday Morning, Krispy Kreme, Taco Bell, and 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 2005 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

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