Overview

Description

• The tenant, Raising Cane’s, recently signed a brand new 15-year lease with 4 (5-year) options to extend
• The lease features 8% rental increases every 5 years throughout the initial term and 10% rental increases at the beginning of each option period, generating NOI and providing a hedge against inflation
• Signed by the corporate entity, Raising Cane’s Restaurants, LLC. Founded in 1996, Raising Cane’s is a well-known and established QSR chicken brand with more than 750 restaurants around the world and several new restaurants in development
• This is the first Raising Cane’s location in New Hampshire
• The site’s ideal location on S. Willow Street will support strong lunch traffic based on eSite trip count data; the busiest hours will be between noon and 1pm

• Raising Cane’s is strategically fronting S. Willow Street averaging 20,600 VPD
• Off I-293 (88,600 VPD), allowing direct on/off ramp access to the site and surrounding trade area
• There are several retail developments supporting the trade area with anchors such as The Home Depot, T.J. Maxx, Michaels, PetSmart, ALDI, Walmart Supercenter, and more
• Less than a mile from The Mall of New Hampshire, which features 798,000+ SF of retail space
• The building is equipped with a double drive-thru, providing ease and convenience for customers
• According to Placer.ai, the nearby BJ’s, Michaels, ALDI, and Walmart Supercenter rank in the top 1% of all New Hampshire locations

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