Share This Listing

Message

941 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Raising Cane’s 3780 Lexington Ave N 2,724 SF Retail Building Shoreview, MN 55126 $4,572,672 ($1,678.66/SF) 5.80% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Corporate Guaranty from One of the Fastest Growing Restaurant Chains in the U.S.
  • Outparcel to Super Target in a Dense Retail Trade Area
  • 190,000 Residents and AHHI of $123,000 in a 5-Mile Radius
  • Absolute NNN Lease with Attractive Rent Increases
  • Signalized Intersection Close to I-694 Interchange

EXECUTIVE SUMMARY

This Raising Cane's is operating under an absolute net lease that expires on October 31, 2030, with five 5-year renewal options and 10% rental increases at each option. The Property benefits from its location at the busy, signalized intersection of Lexington Avenue and Target Road less than a quarter-mile from I-694, surrounded by Super Target, Trader Joe’s, Cub Foods, Walgreens, Anytime Fitness, and many others. Shoreview, an affluent suburb of Minneapolis-St. Paul, is recognized nationally as one of the most desirable places to live, work, and do business.
In Association With: Anne Perrault, MN Lic #40564077

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,724 SF
Building Class
C
Year Built
2015
Price
$4,572,672
Price Per SF
$1,678.66
Cap Rate
5.80%
NOI
$265,215
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.05 AC
Parking
28 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
97’ on Lexington Ave N

AMENITIES

  • Bus Line
  • Signage
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • Oct 2030

A Restaurant that only serves Chicken Fingers? The business plan received the lowest grade in a college class because the professor said it wouldn’t work. When he tried to get loans, the banks said no, but Todd wasn’t giving up. Raising Cane's Chicken Fingers is an American fast-food restaurant chain specializing in chicken fingers founded in Baton Rouge, Louisiana by Todd Graves. Raising Cane’s is active in their Communities, supporting local organizations for causes that are close to their heart — but they can’t do it alone! Get in touch today to help them support their Community.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services - - Triple Net Oct 2030

NEARBY MAJOR RETAILERS

Ymca
Stretch Lab
Starbucks
Trader Joe's
Huntington National Bank
Noodles & Company
Leeann Chin
Five Guys
Green Mill Restaurant & Bar
Pancheros Mexican Grill

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
26-30-23-32-0014
Land Assessment
$744,900
Improvements Assessment
$538,600
Total Assessment
$1,283,500
  • Listing ID: 38250751

  • Date on Market: 6/10/2025

  • Last Updated:

  • Address: 3780 Lexington Ave N, Shoreview, MN 55126

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}