STNL Raising Cane's

Highlights:

• 15-Year Absolute NNN Ground Lease
• 10% rental increases every 5 years, including options
• Raising Cane’s Restaurants, LLC – Corporate Guaranty
• Opportunity Zone Location
• Combined Traffic Counts in Excess of ±100,400 VPD
• Proximity to Downtown Las Vegas and the world famous Fremont Street Experience

Description:

Colliers is pleased to exclusively offer the opportunity to acquire a new construction single-tenant net-leased Raising Cane’s with double drive-thru located within an Opportunity Zone near the historic Fremont East District in Las Vegas, NV. The property consists of a ±3,181 SF freestanding building, and benefits from a 15-Year Absolute NNN ground lease, with five (5), five year options to extend.

The asset is adjacent to a future Starbucks that is scheduled to open in Q3 2025. The subject is well-positioned at the signalized northwest corner of Eastern Ave. and Fremont St., near Charleston Blvd. – three major commuter thoroughfares with combined traffic counts in excess of ±100,400 VPD. The site also sits just south of the I-11 Freeway, boasting an additional ±142,000 VPD. The property is located in close proximity to Downtown Las Vegas, featuring multiple demand drivers including attractions such as Fremont Street Experience, The Smith Center for the Performing Arts, Simon’s Premium Fashion Outlets, as well as the Clark County Government Center, Municipal and Federal Court Buildings and the Arts District while servicing a daytime population of ±688,338 consumers within a 5-mile radius.

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