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Raising Cane's | New 15yr Corp Abs NNN 6401 95th St 3,065 SF Retail Building Chicago Ridge, IL 60415 $5,979,000 ($1,950.73/SF) 4.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | Scheduled Rental Increases | New Construction | Growing Brand
- Signalized, Hard Corner Intersection | Interstate 294 | Outparcel to Chicago Ridge Mall | Dense Retail Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
EXECUTIVE SUMMARY
• The tenant just recently signed a brand new 15-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 7.50% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• Raising Cane’s is one of the fastest-growing restaurant brands, with 800+ Restaurants in 40+ states, and plans to open 100 new Restaurants across several new markets in 2024
• The lease features 7.50% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• Raising Cane’s is one of the fastest-growing restaurant brands, with 800+ Restaurants in 40+ states, and plans to open 100 new Restaurants across several new markets in 2024
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,065 SF
Building Class
B
Year Built
2025
Price
$5,979,000
Price Per SF
$1,950.73
Cap Rate
4.85%
NOI
$290,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.63 AC
Zoning
GC - General Commercial
Parking
31 Spaces (10.11 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Restaurant
- Signalized Intersection
- Drive Thru
- Monument Signage
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-07-216-027-0000 | Improvements Assessment | $115,463 |
| Land Assessment | $177,353 | Total Assessment | $292,816 |
PROPERTY TAXES
Parcel Number
24-07-216-027-0000
Land Assessment
$177,353
Improvements Assessment
$115,463
Total Assessment
$292,816
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Raising Cane's | New 15yr Corp Abs NNN | 6401 95th St
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