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Raising Cane's Ground Lease 2806 Joseph Cannon Way 2,856 SF 4-Star Retail Building Marion, IL 62959 $2,600,000 ($910.36/SF) 5% Cap Rate

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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

Raising Cane's (Marion, IL)

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

LoopNet Rating

4 Star

Year Built

2024

Price

$2,600,000

Price Per SF

$910.36

Cap Rate

NOI

$130,000

Tenancy

Single

Building Height

1 Story

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2806 Joseph Cannon Way, Marion, IL - Aerial map view - Image1

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2806 Joseph Cannon Way, Marion, IL - Aerial map view - Image4

Fairly walkable

40/100

Exceptionally drivable

100/100

Not bikeable

10/100

Source: Local Logic^®

(760) 930-7931

Contact

Thomas Ladt
Colliers

Listing ID: 41624263
Date on Market: 8/10/2026
Last Updated:
Address: 2806 Joseph Cannon Way, Marion, IL 62959

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Raising Cane's Ground Lease | 2806 Joseph Cannon Way

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