7009 Gulf Fwy
Houston, TX 77087
Retail Property For Sale

The Property is leased to Raising Cane’s Restaurants, LLC, a Louisiana limited liability company, the corporate entity. Raising Cane’s is currently under construction with an estimated opening of November 2019. The base term of the corporate ground lease is 15 years and includes 10% rent increases every 5 years during the initial 15-year base lease term and the 5, 5-year option periods. The lease is absolute NNN with no landlord responsibilities. Raising Cane’s is located along Interstate 45, a major north-south arterial in the Houston MSA, with visibility to 272,000+ cars per day. The Property is adjacent to multiple national QSR chains including: Burger King, Sonic, Popeyes and Dairy Queen. Additionally, Raising Cane’s is across from a dense retail hub featuring several national retailers including: H-E-B, Best Buy, Party City, Ross Dress For Less, Marshalls, Old Navy, The Home Depot, Office Depot among others. Further, The Property is conveniently located 3.30 miles from William P. Hobby Airport, a major international airport for the Houston MSA, with over 14.5 million passengers in 2018.