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Raising Cane's 7501 Rogers Ave 3,187 SF Retail Building Fort Smith, AR 72903 $5,750,000 ($1,804.20/SF) 5.41% Cap Rate



INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Renewal Options
- Limited Competition | Nearest Raising Cane's Locations are in Fayetteville, AR (57 miles), Broken Arrow, OK (107 miles) and Conway, AR (128 miles)
- Adjacent to Olive Garden, Red Lobster & Residence Inn (78 Rooms)
- Proven Location | Ranks Among the Top 37% Raising Cane's Stores Nationwide & theTop 38% in Arkansas
- Located Less Than 5 Miles from Downtown Fort Smith | Positioned Along Rogers Avenue (45,000 VPD) | Roughly 1 Mile East of I-540 (56,000 VPD)
- 200 FT West of a Shopping Center with Cavender’s Western Outfitter, Galaxy Home Recreation, Spartan Adventure Park, Dollar Tree, and Aaron’s.
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 3,340-square-foot Raising Cane's asset situated on 0.82 acres in Fort Smith, Arkansas (MSA Population: 228,957+). Commenced in 2019, Raising Cane’s absolute NNN lease features ±9.0 years of term remaining with a 4.00% rent increase in 2029, a 6.45% increase in the first 5-year option, and 8.00% increases in the four 5-year options thereafter.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,187 SF
Building Class
B
Year Built
2019
Price
$5,750,000
Price Per SF
$1,804.20
Cap Rate
5.41%
NOI
$310,831
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.82 AC
Zoning
C - Commercial
Frontage
187’ on Rogers Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17850-0002-00000-00 | Improvements Assessment | $146,520 |
| Land Assessment | $71,440 | Total Assessment | $217,960 |
PROPERTY TAXES
Parcel Number
17850-0002-00000-00
Land Assessment
$71,440
Improvements Assessment
$146,520
Total Assessment
$217,960
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Raising Cane's | 7501 Rogers Ave
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