Raising Cane’s Ground Lease
Single-Tenant Offerings
Raising Cane’s Ground Lease
1833 Gunbarrel Rd,
Chattanooga, TN
- Price:
- $4,598,000
- Cap Rate:
- 4.35%
- NOI:
- $200,000
- Rentable SQFT:
- 2,913 SF
- Year Built:
- 2025
- Lot Size:
- 0.94 +/- Acres
- Lease Type:
- Absolute NNN Ground Lease
- Status:
- Available
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
- Average Household Income Exceeds $104,000 in 3 Miles and $96,000 in 5 Miles
- Across from Target and Whole Foods Anchored Center and Down the Street from Hamilton Place Mall with 6.6+ Million Shoppers Annually
- Close Proximity to $4.3+ Billion Volkswagen Production Plant (5,500+ Employees), Hub for North American EV Assembly
- Minutes to 1 Million SF Amazon Distribution/Fulfillment Center (2,000+ Employees)
- 1/2 Mile to Erlanger East Hospital Campus With Thousands of Visitors Annually
- Just Off I-75 with 127,500+ Cars/Day, One of the Main North/South Highways on the East Coast
- Strong Daytime Population, More Than 76,000 Employees in the Primary Trade Area
- Centrally Located Between Chattanooga State Community College (7,000+ Students) and Southern Adventist University (2,900+ Students)
- Surrounded by Several K-12 Schools (8,000+ Students)
- Tax Free State, No State Income Tax in Tennessee
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