$4,598,000 USD
858-373-3174
1833 Gunbarrel Rd
Chattanooga, TN 37421
Hickory Valley-Hamilton Place
HIGHLIGHTS
- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- Corporate Guaranty, 915+ Locations in 42+ States and $5.1 Billion in System-wide Sales
- Significant Capital Investment by Tenant to Build New Prototype with State-of-the-Art Design and Dual Drive-Thru
- Average Unit-Level Sales for Raising Canes is $6.6 Million, More Than Double the Fast-Food Average and Behind Only Chick-fil-A
- Raising Canes Has Experienced 64 Quarters (16 Years) of Positive Same-Store Sales Growth
- Serving Over 110,800 Residents in One of the Fastest-Growing Submarkets of Chattanooga
FOR SALE DETAILS
PRICE
$4,598,000 USD
PRICE/SF
$1,578 USD /SF
CAP RATE
4.35%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Raising Cane's Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
158D-F-010
ASK ABOUT THIS PROPERTY
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858-373-3174
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Please correct the highlighted field(s).
858-373-3174
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
