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Raising Cane's (Ground Lease) 3300 Buford Dr 2,958 SF Retail Building Buford, GA 30519 $4,329,000 ($1,463.49/SF) 4.70% Cap Rate
Investment Highlights
- One of the Fastest-Growing Restaurant Chains in the U.S. | $3 Billion+ Company
- Across from Mall of Georgia in Dense Retail Corridor
- Short Drive to Coolray Field Development, The Exchange at Gwinnett & Northside Medical - Buford
- Absolute NNN Ground Lease with Attractive Rent Increases
- Signalized Entrance/Exit Across from Mall of Georgia/Target-Anchored Center
- Affluent Demographics
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire a ground lease interest in a single-tenant Raising Cane’s located at 3300 Buford Drive, Buford, GA 30519 (the “Property”). The Property is 100% occupied by Raising Cane’s (the “Tenant”) who is operating under an absolute net lease that expires in June 2037, with four 5-year renewal options. With attractive 10% rent increases, the absolute net lease structure provides for a passive, secure investment with zero Landlord responsibilities. The Property consists of ±1.06 acres and a 2,958-square-foot freestanding, quick-service, double drive-thru restaurant that was built-to-suit in 2023 to the Tenant’s specifications.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,958 SF
Building Class
B
Year Built
2023
Price
$4,329,000
Price Per SF
$1,463.49
Cap Rate
4.70%
NOI
$203,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.06 AC
Zoning
C2, County - Commercial
Parking
46 Spaces (15.55 Spaces per 1,000 SF Leased)
Frontage
108’ on Buford Dr
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7-176-082 | Improvements Assessment | $932,560 |
| Land Assessment | $206,560 | Total Assessment | $1,139,120 |
Property Taxes
Parcel Number
7-176-082
Land Assessment
$206,560
Improvements Assessment
$932,560
Total Assessment
$1,139,120
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Raising Cane's (Ground Lease) | 3300 Buford Dr
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