Lemon Grove CA - Raising Cane's

Description:

New Construction | 15-Year Ground Lease | Scheduled Rent Increases.
Raising Cane’s Corporate signed lease.
New 2026 high-end construction.
15 years remaining with 3 (5-year) and 1 (4-year) option periods to extend.
The lease features 10% rent increases every 5 years throughout the initial term and option periods providing a hedge against inflation.

Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities.
Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
No landlord responsibilities.
Ideal, management-free investment for a passive investor.

Strong National Brand | Nationally Ranked.
Raising Cane’s was founded in 1994 and has since expanded to ~950 locations in 45 states
Ranked #16 on QSR Magazine’s 2025 release of its top 50 restaurants based on US system-wide sales, and #3 in the Chicken category.

Strategic Location | Robust Traffic | Highly Desirable In-fill San Diego Market.
Strategically located at the signalized intersection of Broadway and Buena Vista Avenue in Lemon Grove, in a densely populated area surrounded by strong national retail tenants with excellent access and visibility.
A combined 34,200 cars pass by the site at this intersection on average every day.
Situated 1 block south of Highway 94 (148,000 VPD).
Rare opportunity to acquire retail property in the San Diego MSA within a dense, infill trade area with significant barriers to entry.

Affluent, Direct Consumer Base | Strong Demographics In the Immediate Trade Area.
The 5-mile trade area is supported by more than 514,000 residents and 114,000 employees, providing a direct consumer base from which to draw.
Affluent trade area with an average household income over $119,000 within 1-mile, projected to increase to over $132,000 by 2030.

Local Traffic Drivers.
Across Broadway from Home Depot (ranked in the top 2% nationwide in terms of customer visits by placer.AI) and Food 4 Less (ranked in the top 26% nationwide).
1 miles south of Helix High School (2,544 students).
2.5 miles north of Mount Miguel High School (1,506 students).

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Listing ID: a28TP000002tN4TYAU