Raising Cane's - Brooklyn, NY (Utica) — Sale in New York, NY

  • Price: $13M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: New York, NY 11203
  • Size: 5,496 SF
  • Year built: 2026

Photos

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Investment Figures

Cap rate
5.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Raising Cane’s at 506 Utica Avenue in Brooklyn, New York (“Property” or “Asset”). The Property operates on an absolute NNN ground lease with a rare 20-year primary lease term , 10% rent escalations every 5 years and five, five-year options. This flagship Raising Cane's location marks the brand's Brooklyn debut, capturing an entirely untapped market.

Market Context

This retail in New York, NY is listed for sale at $13,000,000 across 5,496 SF. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2026. Compare it against other retail listings for sale in New York, NY — view the full market.

Estimated Price per SF

$162.80/SF – $1,184/SF

Mid: $493.33/SF

Estimated price for 5,496 SF: $2,711,342 (range $894,749 – $6,507,209)

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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