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Raising Cane's - Rio Rancho, NM 2006 Southern Blvd SE 3,181 SF Retail Building Rio Rancho, NM 87124 $3,266,667 ($1,026.93/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New 2024 construction, corporate guarantee, Absolute Triple Net (NNN) Ground Lease with 14+ years remaining.
- Raising Cane’s recently reported $5.1B in revenue (2024) and $6.56M in average unit sales volume (2024).
- Ideally positioned on the corner of a signalized intersection in a “main and main” retail corridor, seeing 60,000+ vehicles per day.
- Raising Cane’s is one of the fastest-growing QSR chains in the U.S., with over 900 locations nationwide and plans to open 100 new stores coming soon.
- Long-term absolute triple net (NNN) ground lease (zero landlord responsibility), 10% rental increases every 5 years, and options to extend through the
- Oversized lot (1.30 AC) with excellent visibility, multiple points of access, and a double-lane drive-thru.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 3,181 SF Raising Cane's located at 2006 Southern Blvd in Rio Rancho, NM. This deal includes a long-term Absolute Triple Net (NNN) Ground Lease (zero landlord responsibility), 10% rental increases every 5 years, and options to extend through the year 2063, providing investors with stable, passive income backed by a nationally recognized brand.
In Cooperation With Sands Investment Group - Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310
In Cooperation With Sands Investment Group - Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,181 SF
Building Class
B
Year Built
2024
Price
$3,266,667
Price Per SF
$1,026.93
Cap Rate
4.50%
NOI
$147,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.30 AC
Zoning
Commercial - Commercial
Parking
45 Spaces (14.15 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Raising Cane’s Chicken Fingers
- Accommodation and Food Services
- 3,181 SF
- $46.21
- Dec 2039
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Raising Cane’s Chicken Fingers | Accommodation and Food Services | 3,181 SF | $46.21 | Dec 2039 |
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-011-068-378-334 | Improvements Assessment | $236,067 |
| Land Assessment | $39,308 | Total Assessment | $275,375 |
PROPERTY TAXES
Parcel Number
1-011-068-378-334
Land Assessment
$39,308
Improvements Assessment
$236,067
Total Assessment
$275,375
CONTACTS
-
John Mansour -
Daniel Marquez -
Andrew Ackerman -
Sands Investment Group Austin, LLC
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Raising Cane's - Rio Rancho, NM | 2006 Southern Blvd SE
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