2006 Southern Blvd SE - Fast Food FOR SALE
Rio Rancho, NM 87124 |
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.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Raising Cane's - Rio Rancho, NM
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
3181
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
45
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
1-011-068-378-334,1-011-068-386-311
