Raising Cane's | 3631 Gateway Eau Claire WI 54701 Dr
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Raising Cane's 3631 Gateway Eau Claire WI 54701 Dr
2,809 SF Retail Building Eau Claire, WI 54701 $4,205,031 CAD ($1,497 CAD/SF) 4.65% Cap Rate
Investment Highlights
- Absolute NNN Ground Lease w/ Future Rent Increases
- Brand New Construction at Signalized Intersection
- Proximity to I-94 Interchange
- Corporate Lease with One of the Fastest Growing Restaurant Chains in the US
- Dominant Retail Trade Area
- Multiple Access Points & Double Drive-Thru
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase the ground lease interest in the Raising Cane's located in Eau Claire, WI (“The Property”). The Property consists of a +/- 2,809 square foot, newly constructed freestanding retail building on a 1.09-acre parcel of land. Raising Canes will operate under a brand new 15-year absolute net lease that features 10% rent escalations every five years in the primary base term and throughout the five (5), five-year extension options. Additionally, the lease features zero landlord responsibilities, making this a highly passive net lease investment opportunity. See the lease abstract for full details.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,809 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$4,205,031 CAD
Price Per SF
$1,497 CAD
Cap Rate
4.65%
NOI
$195,534 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.09 AC
Frontage
422 ft on Gateway Drive
Amenities
- Signage
- Drive Thru
- Smoke Detector
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 15-3518-U | Improvements Assessment | $0 CAD |
| Land Assessment | $1,709,670 CAD | Total Assessment | $1,709,670 CAD |
PROPERTY TAXES
Parcel Number
15-3518-U
Land Assessment
$1,709,670 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,709,670 CAD
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Raising Cane's | 3631 Gateway Eau Claire WI 54701 Dr
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