323 William S Canning Blvd - Fast Food FOR SALE


Fall River, MA 02721- South End
$4,639,175 USD
781-776-4003
323 William S Canning Blvd, Fall River, MA for Sale
$4,639,175 USD
Fast Food - FOR SALE
1/9
null | 4.85% Cap Rate

323 William S Canning Blvd
Fall River, MA 02721
South End


HIGHLIGHTS

  • New Construction Ground Lease
  • Attractive Rent Increases
  • Dynamic Tenant
  • Zero Management Responsibilities
  • Outstanding Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Raising Cane’s ground lease located at 323 William S Canning Boulevard in Fall River, Massachusetts (the “Property”). The new construction building consists of a 2,862 square foot building with two dedicated drive through lanes on a 1.10-acre corner parcel. Raising Cane’s has 14+ years remaining on their Absolute NNN Ground Lease with five (5), five-year renewal options. The Lease calls for attractive rent increases of 10% every five years throughout the base term and at the start of each renewal option period. The new construction Raising Cane’s is situated at the signalized intersection of Newton Street and William S Canning Boulevard (MA Route 81), the area’s primary commercial corridor, and is 0.25 miles from the Fall River Expressway (MA Route 24). The Property features outstanding frontage and visibility and enjoys convenient access to Interstate 195 as well as US Route 6. The Property is positioned in the center of a dense commercial area and is surrounded by national retailers and restaurants which drive traffic to the immediate area. Raising Cane’s is convenient to densely populated residential neighborhoods, area schools, St Anne’s Hospital, and Bally’s Tiverton, providing a built-in and captive customer base. Located along the eastern shore of Mount Hope Bay at the mouth of the Taunton River, Fall River sits approximately 50 miles south of Boston and 20 miles southeast of Providence, Rhode Island.

FOR SALE DETAILS

PRICE

$4,639,175 USD

PRICE/SF

$1,411 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

Commercial

APN/PARCEL ID

FALL-000006C-000000-000033

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.