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Raising Cane's 701 E Coliseum Blvd 3,304 SF 4-Star Retail Building Fort Wayne, IN 46805 $2,470,000 ($747.58/SF) 4.86% Cap Rate
EXECUTIVE SUMMARY
investment property located in Fort Wayne, Indiana. The tenant, Raising Cane’s Restaurants, LLC, recently signed a brand new 15-year lease with five (5-year) options to extend. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity, Raising Cane’s Restaurants, LLC, and has zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor.
Founded in 1996, Raising Cane’s is a highly successful QSR chicken brand with an average unit volume of $6.2M, 2.3 times the national average, and #3 in volume behind only
Portillo’s and Chic-Fil-A.
PROPERTY FACTS
AMENITIES
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
- -
- -
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 END | ||
|
|
Accommodation and Food Services | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-07-24-376-001.000-073 | Improvements Assessment | $8,310,100 |
| Land Assessment | $7,001,500 | Total Assessment | $15,311,600 |
PROPERTY TAXES
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Raising Cane's | 701 E Coliseum Blvd
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