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 with 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 options to extend through the
- Ideally positioned on the corner of a signalized intersection in a “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 Blvd 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, and 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
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
ASK ABOUT THIS PROPERTY
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512-543-4828
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512-543-4828
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