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Woodstock, GA - Raising Cane's

$3,182,000

9893 Highway 92, Woodstock, GA 30188

Active
Last Updated: 05/14/2024

4.4

Cap Rate

140,000

NOI

Details:
Cap Rate:    4.4%
NOI:    $140,000
Building Size:    2,542 sqft
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, nationally recognized brand with over 750 locations and one of the fastest growing chains in the U.S.

• Subject property is strategically fronting State Highway 92 (66,700 VPD)
• The site is located off Interstate 575 (103,000 VPD), providing direct on/off ramp access for travelers
• The dense trade area is supported by several big box retailers such as Sam’s Club, The Home Depot, Target, Kohl’s, Planet Fitness, Lowe’s, and more
• Surrounding national/credit tenants include Burger King, Dunkin’, Starbucks, Del Taco, Dairy Queen, and more
• Strong tenant synergy increases consumer draw to the subject property
• The asset is equipped with a double drive-thru, providing ease and convenience for customers
• Woodstock Square, just West of Interstate 575, ranks in the top 78% of all community shopping centers nationwide according to Placer.ai

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