New Raising Cane's-15 Yr Abs NNN-215 Fwy 239 Old Nuevo Rd

Faris Lee Investments is pleased to offer a brand new STNL freestanding Raising Cane’s on a new long term 15-year corporate executed absolute NNN Ground Lease (Land Ownership) with 4 (5-Year) options to extend. Raising Cane’s has 10% rental increases every 5 years through the initial term and option periods, which helps hedge against inflation and increases return on investment.
Raising Cane’s is a privately-held fast-food restaurant chain specializing in chicken fingers. Raising Cane’s offers a limited menu that allows them to focus on exceptionally high quality products that are served quickly and conveniently. Raising Cane’s has approximately 749 locations across 42 states, with more than 80% being company-owned. In addition, Raising Cane’s has an average unit volume of $3.6 million, which is one the highest in the QSR industry (qsrmagazine.com).
The subject property is ideally located on the SEQ of I-215 Fwy (±103,000) and W Nuevo Rd. (±10,120), which provides high daytime traffic and direct access to the on/off ramp of the I-215 Fwy. Raising Cane’s is an ideally positioned outparcel in a brand-new shopping center redevelopment accompanied by a supermarket, In-N-Out Burger, and other retail shops. Strong demographics in the immediate trade area include more than 114,500 consumers within a 5-mile radius featuring an average household income in excess of $87,000. Strong nearby national / credit tenants include Walmart, Ross Dress for Less, Burlington Stores, Bath & Body Works, and Stater Bros Market, Food4Less, Starbucks, McDonald’s, Del Taco, El Pollo Loco, & Carl’s JR. to name a few. Additionally, the property is located in a qualified opportunity zone.