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323 William S Canning Blvd 2,862 SF Retail Building Fall River, MA 02721 $4,500,000 ($1,572.33/SF) 5% Cap Rate

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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

Fast Food

Building Size

2,862 SF

Building Class

Year Built

2025

Price

$4,500,000

Price Per SF

$1,572.33

Cap Rate

NOI

$225,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.06

Lot Size

1.10 AC

Zoning

Commercial

Frontage

221’ on William S Canning Bouleva

Bus Line

Signalized Intersection

Major Tenants

Accommodation and Food Services
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Jul 2040

Raising Cane's began in the mid-1990s as a chicken-finger restaurant concept built by Todd Graves, starting from a limited-menu idea centered on quality chicken finger meals. The company serves cooked-to-order chicken fingers with Cane's Sauce, crinkle-cut fries, Texas toast, coleslaw, freshly squeezed lemonade, and iced tea, and the business also extends into catering, gift cards and gear, and community partnerships. Raising Cane's has grown into a U.S. restaurant chain with a broad footprint and a focus on food service, branded merchandise, and community support programs. The brand's story also includes a dog namesake and a simple restaurant identity built around a narrow menu and a consistent dining experience.