Restaurant

Corporate Raising Cane's | Dallas-Fort Worth MSA | 15 Year Absolute NNN Ground Lease

1980 N Town E Blvd, Mesquite (Dallas-Fort Worth MSA), TX 75150

Listing Price: $3,052,631

Cap Rate
4.75%
Tenant Name
Raising Cane's
Years Remaining On Lease
15.00
Gross SF
3,198
Guarantor
Corporate Guarantee
Rentable SF
3,198
Price/Gross SF
$954.54
Lease Type
Ground Lease
Rent Per Square Feet
$45.34

Investment Overview

Part of the Dallas / Fort Worth Metropolitan Statistical Area, the city of Mesquite, Texas is a suburb approximately eleven Miles east of Dallas, Texas. Mesquite is positioned at the crossroads of three major interstates (I-30, I-635, I-20) allowing for ease of accesses for residents and visitors alike. Mesquite is known as the rodeo capital of Texas. The town received the 2016 Playful City USA designation and is perennially named Tree City USA by National Arbor Day Foundation. Mesquite has a thriving growing economy driven primarily by construction and extraction, manufacturing, and transportation.

Investment Highlights

  • 15 Year Absolute Net Ground Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2020 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.
  • Densely Populated Area: Features more than 322k People Living within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 22k Vehicles. Direct Access from I-635 (153k+ VPD).
  • Surrounded by Numerous other National Retailers Including Kroger, Target, The Home Depot, Academy Sports, Big Lots, ALDI, Best Buy, Ross, Office Depot and many more.
  • Walking Distance from Town East Mall - A 160+ Store, 1.2M+ Sq.Ft. Enclosed Shopping Mall with more than 18M Annual Visitors. The Mall draws from as far away as Texarkana (167 miles) and Tyler (90 miles).
  • Mesquite has long been Recognized as a Major Retail Area and is Home to the Largest Concentration of Industries on the East Side of the Dallas/Fort Worth Metroplex.
  • Located in the Heart of the Town East Retail Row, one of the Largest Retail Concentrations in DFW Metro with over 7M Sq.ft. - Adjacent to North Mesquite High School - with an Enrollment of more than 2,766+ Students.

Exclusively Listed By

Restaurant

Corporate Raising Cane's | Dallas-Fort Worth MSA | 15 Year Absolute NNN Ground Lease

Listing Price: $3,052,631

Cap Rate
4.75%
Tenant Name
Raising Cane's
Years Remaining On Lease
15.00
Gross SF
3,198
Guarantor
Corporate Guarantee
Rentable SF
3,198
Price/Gross SF
$954.54
Lease Type
Ground Lease
Rent Per Square Feet
$45.34

Investment Highlights

  • 15 Year Absolute Net Ground Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2020 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.
  • Densely Populated Area: Features more than 322k People Living within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 22k Vehicles. Direct Access from I-635 (153k+ VPD).
  • Surrounded by Numerous other National Retailers Including Kroger, Target, The Home Depot, Academy Sports, Big Lots, ALDI, Best Buy, Ross, Office Depot and many more.
  • Walking Distance from Town East Mall - A 160+ Store, 1.2M+ Sq.Ft. Enclosed Shopping Mall with more than 18M Annual Visitors. The Mall draws from as far away as Texarkana (167 miles) and Tyler (90 miles).
  • Mesquite has long been Recognized as a Major Retail Area and is Home to the Largest Concentration of Industries on the East Side of the Dallas/Fort Worth Metroplex.
  • Located in the Heart of the Town East Retail Row, one of the Largest Retail Concentrations in DFW Metro with over 7M Sq.ft. - Adjacent to North Mesquite High School - with an Enrollment of more than 2,766+ Students.

Investment Overview

Part of the Dallas / Fort Worth Metropolitan Statistical Area, the city of Mesquite, Texas is a suburb approximately eleven Miles east of Dallas, Texas. Mesquite is positioned at the crossroads of three major interstates (I-30, I-635, I-20) allowing for ease of accesses for residents and visitors alike. Mesquite is known as the rodeo capital of Texas. The town received the 2016 Playful City USA designation and is perennially named Tree City USA by National Arbor Day Foundation. Mesquite has a thriving growing economy driven primarily by construction and extraction, manufacturing, and transportation.

Exclusively Listed By

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