2006 Southern Blvd SE - Fast Food FOR SALE
Rio Rancho, NM 87124 |
$3,266,667 USD
512-543-4828
2006 Southern Blvd SE
Rio Rancho, NM 87124
HIGHLIGHTS
- New 2024 Construction— Corporate Guarantee - Absolute Triple Net (NNN) Ground Lease — 14+ Years Remaining
- Raising Cane's is One of the Fastest Growing QSR Chains in the U.S., With Over 900 Locations Nationwide and Plans to Open 100 New Stores Coming Soon
- Raising Cane's Recently Reported $5.1B in Revenue (2024) and $6.56M in Average Unit Sales Volume (2024)
- Long Term Absolute Triple Net (NNN) Ground Lease (Zero Landlord Responsibility), 10% Rental Increases Every 5 Years, and Extension Options
- Ideally Positioned on the Corner of a Signalized Intersection - “Main and Main” Retail Corridor - Seeing 60,000+ Vehicles Per Day
- Oversized Lot (1.30 AC) With Excellent Visibility, Multiple Points Of Access, and a Double Lane Drive Thru
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,181 SF Raising Cane's Located at 2006 Southern Boulevard in Rio Rancho, NM. This Deal Includes a Long-Term Absolute Triple Net (NNN) Ground Lease (Zero Landlord Responsibility), 10% Rental Increases Every 5 Years & Options to Extend Through the Year 2063, Providing Investors With Stable, Passive Income Backed By a Nationally Recognized Brand.
In Cooperation With Sands Investment Group - Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310
FOR SALE DETAILS
PRICE
$3,266,667 USD
PRICE/SF
$1,027 USD /SF
CAP RATE
4.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Raising Cane's - Rio Rancho, NM
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Fast Food, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
45
LAND DETAILS
LAND ACRES
1.3 AC
LAND SF
56,628 SF
ZONING
Commercial
APN/PARCEL ID
1-011-068-378-334
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512-543-4828
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512-543-4828
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