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Raising Cane's Chicken Fingers 2700 Tyrone Blvd 2,728 SF Retail Building Saint Petersburg, FL 33710 $3,111,111 ($1,140.44/SF) 4.50% Cap Rate
Investment Highlights
- Long-Term Absolute Triple Net (NNN) Ground Lease | Raising Cane’s is subject to a long-term, 15-year absolute triple net (NNN) ground lease
- Drive-Thru Location | The property includes a drive-thru, offering added convenience for customers and enhancing its appeal as a fast-casual dining
- Attractive Rental Increases | The lease includes 10% rental increases every five years, resulting in a 21% growth in operating income over the lease
Executive Summary
Surmount is pleased to present the exclusive listing for a Raising Cane's Chicken Fingers located at 2700 Tyrone Blvd N, St. Petersburg, FL 33710. The site consists of roughly 2,728 rentable square feet of building space on an estimated 1.04-acre parcel of land. This Raising Cane's Chicken Fingers is subject to a 15-year Triple Net (NNN) ground lease, which commenced 8/5/2025. The current annual rent is $140,000 and has scheduled increases of 10.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,728 SF
Building Class
B
Year Built
2025
Price
$3,111,111
Price Per SF
$1,140.44
Cap Rate
4.50%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.04 AC
Amenities
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-31-16-61599-001-0020 | Improvements Assessment | $3,020,660 |
| Land Assessment | $4,429,340 | Total Assessment | $7,450,000 |
Property Taxes
Parcel Number
07-31-16-61599-001-0020
Land Assessment
$4,429,340
Improvements Assessment
$3,020,660
Total Assessment
$7,450,000
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Raising Cane's Chicken Fingers | 2700 Tyrone Blvd
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