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Raising Cane's | New 15yr Corp Abs NNN w/ Inc 25952 State 56 Hwy

2,899 SF 100% Leased Retail Building Lutz, FL 33559 $6,759,934 CAD ($2,332 CAD/SF) 4.25% Cap Rate

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Investment Highlights

Brand New 15-Year Lease | Well Known & Established QSR Brand |Scheduled Increases | New Construction
Directly Accessible Via On/Off Ramps Interstate-75 (122,500 VPD) | Dense Retail & Residential Corridor (1,000+ Units Within 1-mile)
Strong Demographics In 5-Mile Trade Area | Affluent Community |Tampa MSA

Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Outparcel To The Tampa Premium Outlets (5.5M+ Visits) | Located In Top Performing Trade Area In Tampa MSA

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, Raising Cane’s investment property located in Wesley Chapel, Florida. The tenant recently signed a brand new 15 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Raising Cane’s is one of the fastest-growing restaurant brands, with 800+ restaurants in 40+ states, and plans to open 100 new restaurants across several new markets in 2025.