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2806 Joseph Cannon Way
Marion, IL 62959
 Raising Cane's Ground Lease · Retail Property For Sale

Retail Spaces Illinois Marion 2806 Joseph Cannon Way, Marion, IL 62959

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Executive Summary

- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years - Zero landlord responsibilities
- Corporate Lease with Raising Cane’s Restaurants - 900+ locations and over $5.487 billion in sales in 2025
- $6.58 Million Average Unit Volume in 2025 - 1.97% implied rent to sales ratio indicating secure long-term tenancy

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,856 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$2,600,000
Price Per SF
$910.36
Cap Rate
5%
NOI
$130,000
Tenancy
Single
Building Height
1 Story

  • Listing ID: 41624263

  • Date on Market: 8/10/2026

  • Last Updated:

  • Address: 2806 Joseph Cannon Way, Marion, IL 62959

The Retail Property at 2806 Joseph Cannon Way, Marion, IL 62959 is currently available for Sale. Contact Colliers for more information.

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