Hixson, TN - 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, nationally recognized brand with over 800 locations and one of the fastest growing chains in the U.S.

• The subject property is near the signalized, hard corner intersection of State Hwy 153 and North Point Blvd, which average a combined 52,000 VPD
• Gadd road and State Hwy 153 is also a significant and strategic intersection for traversing east and west in North Chattanooga
• The subject property benefits from being situated along State Hwy 153 which has +/-4,000,000 SF of retail space along the retail road
• The site is located directly across Towne Center Plaza, a 200,000+ SF shopping center, anchored by Ashley, Hobby Lobby, Staples, Dollar Tree, American Freight, and more
• The asset is situated in a dense retail corridor, with numerous nearby national/credit tenants including Aldi, Target, Walmart Supercenter, Home Depot, Marshalls, Michaels, T.J. Maxx, and many more