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Raising Cane's Ground Lease 1833 Gunbarrel Rd 2,913 SF Retail Building Chattanooga, TN 37421 $4,395,000 ($1,508.75/SF) 4.55% 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
$4,395,000
Price Per SF
$1,508.75
Cap Rate
4.55%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.95 AC
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 158D-F-010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $859,080 |
Property Taxes
Parcel Number
158D-F-010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$859,080
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