Raising Cane's

Highlights:

• The offering is a new construction Raising Cane’s on a 15-year corporate executed ground lease, with four, 5-year options to extend
• The lease features 10% rental escalations every 5 years throughout the initial term and option periods, providing an investor with a hedge against inflation
• Raising Cane’s is responsible for the payment of property taxes and insurance, as well as all maintenance and repairs (incl. roof & structure) making this an attractive opportunity for a passive investor
• The subject property is equipped with a drive-thru and outdoor patio, and benefits from excellent street visibility
• Raising Cane’s is an outparcel to the TeleMills Plaza shopping center, which features a freestanding WSS retail store, and an unanchored daily needs strip center
• The subject property is positioned on the signalized intersection of Telegraph Road and Mills Avenue, with multiple points of ingress and egress
• Daily traffic counts at the intersection exceed 62,126 vehicles per day

Description:

The subject property is an infill L.A. County Raising Cane's featuring prominent pylon signage, and is equipped with a drive-thru and an outdoor patio. Raising Cane’s has one of the highest AUV’s in the QSR industry. Raising Cane’s, which will be operating more than 875 restaurants by EOY, is a leading QSR brand that has seen 62 consecutive quarters of positive same-store sales growth.

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