Skip to main content

Restaurant

Raising Cane's | Highly Populated Area Over 60k Pop in 2-Mile Radius | 14 Year Abs. NNN

6352 E Broadway Blvd, Tucson, AZ 85710

Listing Price: $5,964,000

Cap Rate
4.14%
Tenant Name
Raising Cane's
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
3,611
Lease Type
Absolute Net
Rent Per Square Feet
$68.40

Investment Overview

Marcus & Millichap is pleased to present a Raising Cane's property located at 6352 East Broadway Boulevard in Tucson, Arizona. The subject property is a 3,611 square foot building situated on an approximate 1.17 acre parcel on East Broadway Boulevard and Wilmot Road. This Raising Cane's is strategically located near Park Place Regional Mall with 125 stores and theater. There are over 14 years remaining on the Absolute Triple-Net (NNN) Lease and three (3) five (5) year options with five percent rental increases every five years. Founded by Todd Graves in 1996 in Baton Rouge, Louisiana, Raising Cane's has nearly 500 Restaurants in 27 states and five countries, with more than 50 new Restaurants in development. Raising Cane's Chicken Fingers has now surpassed $1.5 billion in annual sales – tripling in size within the last four years and more than doubling its team to 25,000 Crewmembers – while serving nearly one billion quality chicken finger meals. In addition, the company and its Restaurant Leaders are actively involved in each of their local Communities, giving back nearly $50 million to more than 20,000 organizations over the same time period. Raising Cane's is the fastest-growing Restaurant concept over $1 billion in sales shows no signs of slowing down. Tucson is a city in and the county seat of Pima County, Arizona and is home to the University of Arizona. Tucson is the second most-populated city in Arizona behind Phoenix, both of which anchor the Arizona Sun Corridor.

Investment Highlights

  • Over 14 Years Remaining on Absolute Triple-Net (NNN) Lease with no Landlord Responsibilities
  • Five Percent Rental Increases Every Five Years
  • High Traffic Location - Over 82,000 Vehicles per Day on East Broadway Boulevard and Wilmot Road
  • Raising Cane's has nearly 500 Restaurants in 27 states and five countries, with more than 50 new Restaurants in development.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Restaurant

Raising Cane's | Highly Populated Area Over 60k Pop in 2-Mile Radius | 14 Year Abs. NNN

Listing Price: $5,964,000

Cap Rate
4.14%
Tenant Name
Raising Cane's
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
3,611
Lease Type
Absolute Net
Rent Per Square Feet
$68.40

Investment Highlights

  • Over 14 Years Remaining on Absolute Triple-Net (NNN) Lease with no Landlord Responsibilities
  • Five Percent Rental Increases Every Five Years
  • High Traffic Location - Over 82,000 Vehicles per Day on East Broadway Boulevard and Wilmot Road
  • Raising Cane's has nearly 500 Restaurants in 27 states and five countries, with more than 50 new Restaurants in development.

Investment Overview

Marcus & Millichap is pleased to present a Raising Cane's property located at 6352 East Broadway Boulevard in Tucson, Arizona. The subject property is a 3,611 square foot building situated on an approximate 1.17 acre parcel on East Broadway Boulevard and Wilmot Road. This Raising Cane's is strategically located near Park Place Regional Mall with 125 stores and theater. There are over 14 years remaining on the Absolute Triple-Net (NNN) Lease and three (3) five (5) year options with five percent rental increases every five years. Founded by Todd Graves in 1996 in Baton Rouge, Louisiana, Raising Cane's has nearly 500 Restaurants in 27 states and five countries, with more than 50 new Restaurants in development. Raising Cane's Chicken Fingers has now surpassed $1.5 billion in annual sales – tripling in size within the last four years and more than doubling its team to 25,000 Crewmembers – while serving nearly one billion quality chicken finger meals. In addition, the company and its Restaurant Leaders are actively involved in each of their local Communities, giving back nearly $50 million to more than 20,000 organizations over the same time period. Raising Cane's is the fastest-growing Restaurant concept over $1 billion in sales shows no signs of slowing down. Tucson is a city in and the county seat of Pima County, Arizona and is home to the University of Arizona. Tucson is the second most-populated city in Arizona behind Phoenix, both of which anchor the Arizona Sun Corridor.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

MM Texture Background
MM Textured Background Lower