Log In/Sign Up
Your email has been sent.
323 William S Canning Blvd 2,862 SF Retail Building Fall River, MA 02721 $4,500,000 ($1,572.33/SF) 5% Cap Rate
Investment Highlights
- New Construction Ground Lease
- Dynamic Tenant
- Outstanding Location
- Attractive Rent Increases
- Zero Management Responsibilities
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Raising Cane’s ground lease located at 323 William S Canning Boulevard in Fall River, Massachusetts (the “Property”). The new construction building consists of a 2,862 square foot building with two dedicated drive through lanes on a 1.10-acre corner parcel. Raising Cane’s has 14+ years remaining on their Absolute NNN Ground Lease with five (5), five-year renewal options. The Lease calls for attractive rent increases of 10% every five years throughout the base term and at the start of each renewal option period. The new construction Raising Cane’s is situated at the signalized intersection of Newton Street and William S Canning Boulevard (MA Route 81), the area’s primary commercial corridor, and is 0.25 miles from the Fall River Expressway (MA Route 24). The Property features outstanding frontage and visibility and enjoys convenient access to Interstate 195 as well as US Route 6. The Property is positioned in the center of a dense commercial area and is surrounded by national retailers and restaurants which drive traffic to the immediate area. Raising Cane’s is convenient to densely populated residential neighborhoods, area schools, St Anne’s Hospital, and Bally’s Tiverton, providing a built-in and captive customer base. Located along the eastern shore of Mount Hope Bay at the mouth of the Taunton River, Fall River sits approximately 50 miles south of Boston and 20 miles southeast of Providence, Rhode Island.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,862 SF
Building Class
B
Year Built
2025
Price
$4,500,000
Price Per SF
$1,572.33
Cap Rate
5%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.10 AC
Zoning
Commercial
Frontage
Amenities
- Bus Line
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Jul 2040
Raising Cane's Chicken Fingers started in 1996 when Todd Graves opened a restaurant near Louisiana State University. The company focuses exclusively on chicken finger meals with a small selection of sides. The streamlined menu features hand-battered chicken tenders, fries, coleslaw, and signature sauces. Raising Cane's has expanded across the United States and internationally while maintaining its limited-item concept. The company operates numerous locations and emphasizes a consistent customer experience.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Jul 2040 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | FALL-000006C-000000-000033 | Improvements Assessment | $0 |
| Land Assessment | $610,200 | Total Assessment | $610,200 |
Property Taxes
Parcel Number
FALL-000006C-000000-000033
Land Assessment
$610,200
Improvements Assessment
$0
Total Assessment
$610,200
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
323 William S Canning Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.