2806 Joseph Cannon Way - Fast Food FOR SALE
Marion, IL 62959 |
$2,600,000 USD
760-930-7931
2806 Joseph Cannon Way
Marion, IL 62959
OVERVIEW
- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years - Zero landlord responsibilities
- Corporate Lease with Raising Cane’s Restaurants - 900+ locations and over $5.487 billion in sales in 2025
- $6.58 Million Average Unit Volume in 2025 - 1.97% implied rent to sales ratio indicating secure long-term tenancy
FOR SALE DETAILS
PRICE
$2,600,000 USD
PRICE/SF
$746 USD /SF
CAP RATE
5%
% 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, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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760-930-7931
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Please correct the highlighted field(s).
760-930-7931
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
