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Raising Cane's Ground Lease 1833 Gunbarrel Rd 2,913 SF Retail Building Chattanooga, TN 37421 $4,598,000 ($1,578.44/SF) 4.35% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- Significant Capital Investment by Tenant to Build New Prototype with State-of-the-Art Design and Dual Drive-Thru
- Raising Canes Has Experienced 64 Quarters (16 Years) of Positive Same-Store Sales Growth
- Corporate Guaranty, 915+ Locations in 42+ States and $5.1 Billion in System-wide Sales
- Average Unit-Level Sales for Raising Canes is $6.6 Million, More Than Double the Fast-Food Average and Behind Only Chick-fil-A
- Serving Over 110,800 Residents in One of the Fastest-Growing Submarkets of Chattanooga
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,913 SF
Building Class
B
Year Built
2025
Price
$4,598,000
Price Per SF
$1,578.44
Cap Rate
4.35%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
NEARBY MAJOR RETAILERS
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Raising Cane's Ground Lease | 1833 Gunbarrel Rd
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