1250 S Alma School Rd - Fast Food FOR SALE


Mesa, AZ 85210- Central Mesa
$1,363,636 USD
602-538-7155
1250 S Alma School Rd, Mesa, AZ for Sale
$1,363,636 USD
Fast Food - FOR SALE
1/9
null | 5.5% Cap Rate

1250 S Alma School Rd
Mesa, AZ 85210
Central Mesa


HIGHLIGHTS

  • Absolute NNN Ground Lease (Leasehold Interest)
  • Long Term Primary Lease - ±13 Years Remaining
  • Strong Corporate Guaranty
  • 10% rent increase every 5 years
  • Extremely low price point for Raising Cane’s

OVERVIEW

INVESTMENT HIGHLIGHTS • Absolute NNN Ground Lease (Leasehold Interest) • Long Term Primary Lease - ±13 Years Remaining • Strong Corporate Guaranty • 10% rent increase every 5 years • Extremely low price point for Raising Cane’s TENANT HIGHLIGHTS • In 2024, the brand earned more than $5.1 billion in systemwide sales (CNBC) • Raising Cane’s had an Average Unit Volume (AUV) of $6.6 million in 2024 – more than double the QSR peer average (CNBC) • ±900 locations across 42 states with an additional 50 international locations and 200 planned locations • Raising Cane’s is ranked in the Top 25 of QSRs (Restaurant Business Online) • ±28 years in business LOCATION HIGHLIGHTS • Located in front of the Fiesta Mall redevelopment, a ±80-acre mixed-use development project • Densely populated trade area with over ±409,000 residents in a 5 mile radius • Frontage on Alma School Road (±44,017 VPD) • Located ±0.5 miles from U.S. 60 with over ±266,346 VPD • Less than 1 mile from Banner Desert Medical Center (±669 beds) and Mesa Community College (±29,000 students)

FOR SALE DETAILS

PRICE

$1,363,636 USD

PRICE/SF

$507 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

C-G

APN/PARCEL ID

134-26-414

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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