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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
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 was founded in 1996 in Baton Rouge by Todd Graves and has grown into a chicken-finger-focused restaurant chain. The company centers its menu on chicken finger meals, Cane's Sauce, crinkle-cut fries, Texas toast, coleslaw, and soft drinks, while also emphasizing cooked-to-order preparation and community involvement. Raising Cane's has continued expanding its restaurant network, adding more than one hundred restaurants in 2024 and carrying that growth into 2025. The business maintains a broad presence across the United States and also serves select international markets in the Middle East.
| 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
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