Snellville, GA - Raising Cane's

Description:

• Brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• Lease is signed by the corporate entity, Raising Cane’s Restaurants, LLC
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Raising Cane’s is an established and nationally recognized brand with over 600 locations and one of the fastest growing chains in the U.S.

• Subject property is strategically fronting Scenic Highway averaging
41,300 VPD
• Raising Canes is part of a larger development that will feature Miller’s Ale House, City Barbeque, Whataburger, and more
• The immediate trade area is supported by a strong national/credit tenant presence from Walmart Supercenter, The Home Depot, Best Buy, Target, and more
• The asset is equipped with a drive-thru, providing ease and convenience for customers
• Drive-thru stores generate significantly higher sales and increase productivity