$3,294,118 USD
203-887-8797
2700 Tyrone Blvd
Saint Petersburg, FL 33710
Tyrone Park
HIGHLIGHTS
- Long-Term Absolute Triple Net (NNN) Ground Lease | Raising Cane’s is subject to a long-term, 15-year absolute triple net (NNN) ground lease
- Attractive Rental Increases | The lease includes 10% rental increases every five years, resulting in a 21% growth in operating income over the lease
- Drive-Thru Location | The property includes a drive-thru, offering added convenience for customers and enhancing its appeal as a fast-casual dining
OVERVIEW
Surmount is pleased to present the exclusive listing for a Raising Cane's Chicken Fingers located at 2700 Tyrone Blvd N, St. Petersburg, FL 33710. The site consists of roughly 2,728 rentable square feet of building space on an estimated 1.04-acre parcel of land. This Raising Cane's Chicken Fingers is subject to a 15-year Triple Net (NNN) ground lease, which commenced 8/5/2025. The current annual rent is $140,000 and has scheduled increases of 10.00% every 5 years.
FOR SALE DETAILS
PRICE
$3,294,118 USD
PRICE/SF
$1,208 USD /SF
CAP RATE
4.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Raising Cane's Chicken Fingers
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.04 AC
LAND SF
45,302 SF
ZONING
-
APN/PARCEL ID
07-31-16-61599-001-0020
ASK ABOUT THIS PROPERTY
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203-887-8797
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Please correct the highlighted field(s).
203-887-8797
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
