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Raising Cane's

$3,764,705

3980 Rivertown Parkway, Wyoming, MI 49418

Active
Last Updated: 06/18/2026

4.25

Cap Rate

160,000

NOI

Details:
Cap Rate:    4.25%
NOI:    $160,000
Building Size:    4,000 sqft
Lot Area:    1.79 sqft
Occupancy:    100%
Lease Type:    Ground
Year Built:    2026
Zoning:    C-4 Commercial Shopping Center District
Tenancy:    Single
Highlights:
  • Brand New Construction — Opening Fall 2026
  • 15-Year Primary Term with 10% Rent Bumps Every Five Years
  • Corporate-Owned Tenant — 900+ Locations / $5.1B Annual Sales
  • Zero Landlord Responsibilities — Ground Lease
  • Pad Site to West Michigan's Largest Mall at a Signalized Intersection
  • Affluent, High-Density Trade Area in the Growing Grand Rapids MSA
Description:

Landmark Investment Sales is pleased to offer for sale a brand new, corporate-guaranteed Raising Cane's Absolute Net Ground Lease in Grandville, Michigan. The property features zero landlord responsibilities and 10% rent increases every five years, with a 15-year primary term and five renewal options. Positioned as a pad site to RiverTown Crossings — West Michigan's largest enclosed mall — at the hard corner of Rivertown Parkway and Wilson Ave SW, the site is surrounded by national retailers including Costco, Walmart, and Target, serving a trade area of 140,000+ residents with average household incomes exceeding $109,000.

Map:
Documents:
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125i_Raising_Cane_s-Grandville__MI-OM.pdf
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