100 N State Road 7 - Freestanding FOR SALE


Royal Palm Beach, FL 33411- Outer Royal Palm Beach/Wellington
$6,675,000 USD
323-620-9845
100 N State Road 7, Royal Palm Beach, FL for Sale
$6,675,000 USD
Freestanding - FOR SALE
1/5
null | 3.76% Cap Rate

100 N State Road 7
Royal Palm Beach, FL 33411
Outer Royal Palm Beach/Wellington


HIGHLIGHTS

  • EXPOSURE- Located at the intersection of two highways.
  • ACCESS- Freeway exit right at the entrance.
  • CO-TENANTS - Major Retailers and Daily Needs.
  • The nation's #1 restaurant chain.

OVERVIEW

This premier Raising Cane’s location at 100 N State Rd 7 in Royal Palm Beach offers investors a rare opportunity to acquire a high-performing, single-tenant asset in one of Florida’s most dynamic retail corridors. Built in 2022, the property features modern construction and occupies a strategic 1.14-acre parcel along State Road 7, a major thoroughfare with exceptional visibility and strong traffic counts. The tenant, Raising Cane’s, is among the fastest-growing quick-service restaurant brands in the nation, boasting over $5.1 billion in U.S. systemwide sales as of October 2025. The asset delivers a stable income stream with an initial annual NOI of $250,000, scheduled to increase to $275,000 in August 2027, enhancing long-term returns. At the asking price of $6,700,000 and a cap rate of 4.1%, this investment combines security with growth potential. The property’s ranking in the top 20% of Raising Cane’s locations nationwide underscores its strong performance and market appeal. Situated near affluent residential communities and complementary retail, this location benefits from robust demographics and sustained consumer demand.

FOR SALE DETAILS

PRICE

$6,675,000 USD

PRICE/SF

$2,043 USD /SF

CAP RATE

3.76%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

55,980 SF

ZONING

Commercial

APN/PARCEL ID

72-42-43-27-05-008-0163

ASK ABOUT THIS PROPERTY

Matthew MayMay Realty AdvisorsMore Info
323-620-9845

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Matthew MayMay Realty AdvisorsMore Info
323-620-9845

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.