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5625 96th Ave 3,384 SF Retail Building Brooklyn Park, MN 55443 $3,093,750 ($914.23/SF)
Investment Highlights
- Corporate-Backed 15-Year Lease 15-year absolute NNN ground lease with Raising Cane’s Restaurants, LLC.
- Low Ground Rent with Growth Below-market ground rent featuring 10% rent increases every five years.
- Leading QSR Brand Fast-growing restaurant operator with strong unit volumes, drive-thru performance, and brand loyalty.
- Absolute NNN Structure No landlord responsibility for expenses, maintenance, roof, structure, or capital items.
- Certified Training Site High-performing location with strong sales and a low rent-to-sales ratio.
Executive Summary
Completed in 2021, this Raising Cane’s is situated on a prominent 1.85- acre parcel in Brooklyn Park, Minnesota and features a 3,384 SF modern prototype designed for high-volume efficiency, including a dual-lane drive thru configuration that maximizes throughput and operational performance. The property is secured by a 15-year absolute NNN corporate-guaranteed ground lease with Raising Cane’s Restaurants, LLC, commencing September 2, 2021 and extending through September 30, 2036, with more than 10 years of remaining lease term. The lease structure provides zero landlord responsibilities and includes 10% rent escalations every five years, delivering durable, inflation protected income backed by one of the fastest-growing quick-service restaurant brands in the United States.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,384 SF
Building Class
B
Year Built
2021
Price
$3,093,750
Price Per SF
$914.23
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.85 AC
Amenities
- Corner Lot
- Freeway Visibility
- Restaurant
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-119-21-31-0009 | Improvements Assessment | $768,800 |
| Land Assessment | $1,093,500 | Total Assessment | $1,862,300 |
Property Taxes
Parcel Number
09-119-21-31-0009
Land Assessment
$1,093,500
Improvements Assessment
$768,800
Total Assessment
$1,862,300
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