Raising Canes New 15Year Nnn Ground Lease — Sale in Chattanooga, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chattanooga, TN 37421

Investment Figures

Cap rate
4.45%

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

Marcus & Millichap is pleased to present the Raising Cane's in Chattanooga, TN. Investment Highlights: • 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years • Corporate Guaranty, 915+ Locations in 42+ States and $5.1 Billion in System-wide Sales • Significant Capital Investment by Tenant to Build New Prototype with State-of-the-Art Design and Dual Drive-Thru • Average Unit-Level Sales for Raising Canes is $6.6 Million, More Than Double the Fast-Food Average and Behind Only Chick-fil-A • Raising Canes Has Experienced 64 Quarters (16 Years) of Positive Same-Store Sales Growth • Serving Over 110,800 Residents in One of the Fastest-Growing Submarkets of Chattanooga

Market Context

This retail in Chattanooga, TN is listed for sale. It is offered at an approximate 4.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 99 days. Compare it against other retail listings for sale in Chattanooga, TN — view the full market.

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