Forestville, MD - Raising Cane's

Description:

• Corporate guaranteed ground lease
• 12 years remaining on the initial term with 10% rental increases every 5 years
• 5 (5-year) options to extend, demonstrating long-term commitment to the site

• The subject property is an outparcel to Penn Mar Shopping Center (385,000+ SF) with tenants including Ross, PetCo, Burlington, Dollar Tree & more
• Across the street from Target anchored Centre at Forestville (460,000+ SF), with other tenants including: JCPenney, DXL, Chipotle, AT&T, and others
• Strong tenant synergy promotes crossover shopping to the subject property
• The subject property is located in a dense retail corridor with high barriers for entry
• This is the only Raising Cane’s in a 10-mile radius, limiting competition
• The site sits on Donnell Dr (18,500 VPD), in between Pennsylvania Ave
(60,200 VPD) & Marlboro Pike (20,000 VPD)
• Raising Cane’s is located at the signalized, hard corner entrance to Penn Mar shopping center, providing excellent visibility & access

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Listing ID: a28TP0000034CTtYAM