5625 96th Ave - Fast Food FOR SALE


Brooklyn Park, MN 55443
$3,093,750 USD
303-808-6311
5625 96th Ave, Brooklyn Park, MN for Sale
$3,093,750 USD
Fast Food - FOR SALE
1/3
null | Request Cap Rate

5625 96th Ave
Brooklyn Park, MN 55443


HIGHLIGHTS

  • STRATEGICALLY POSITIONED OFF HWY 610 EXIT/OFF-RAMP
  • PRIME SIGNALIZED HARD CORNER AT KEY RETAIL INTERSECTION
  • HIGH-VISIBILITY RETAIL CORRIDOR WITH STRONG RETAIL SYNERGY
  • OVERSIZED 1.85 ACRE HARD-CORNER LOT
  • STRONG EMPLOYMENT DRIVERS & FAVORABLE DEMOGRAPHICS
  • STABLE, HIGH-QUALITY MIDWEST SUBMARKET

OVERVIEW

Completed in 2021, this Raising Cane’s is situated on a prominent 1.85- acre parcel in Brooklyn Park, Minnesota and features a 3,384 SF modern prototype designed for high-volume efficiency, including a dual-lane drive thru configuration that maximizes throughput and operational performance. The property is secured by a 15-year absolute NNN corporate-guaranteed ground lease with Raising Cane’s Restaurants, LLC, commencing September 2, 2021 and extending through September 30, 2036, with more than 10 years of remaining lease term. The lease structure provides zero landlord responsibilities and includes 10% rent escalations every five years, delivering durable, inflation protected income backed by one of the fastest-growing quick-service restaurant brands in the United States. » CORPORATE-BACKED LONG-TERM LEASE Leased to Raising Cane’s Restaurants, LLC under a 15-year absolute NNN ground lease, providing predictable long-term income supported by a nationally recognized, high-growth quick-service restaurant operator with strong brand loyalty and industry-leading unit volumes. » ABSOLUTE NNN GROUND LEASE Zero landlord responsibilities for operating expenses, maintenance, roof, structure, or capital expenditures — offering truly passive, management-free ownership. » LOW GROUND RENT / ATTRACTIVE RENT GROWTH The lease features highly favorable, below-market ground rent with contractual 10% increases every five (5) years. » CERTIFIED TRAINING SITE | STRONG SALES | LOW RENT-TO-SALES Elite designation reserved for high-performing Raising Cane’s locations, reflecting strong store sales and operational excellence. A low rent-to-sales ratio further highlights healthy unit economics. Contact broker for details. » HIGH-GROWTH QSR LEADER | STRONG AUVS & DRIVE-THRU PERFORMANCE Raising Cane’s is one of the fastest-growing quick-service restaurant concepts in the country, known for its focused operating model, strong average unit volumes, and best-in-class drive-thru execution. The company continues disciplined national expansion while maintaining strong brand loyalty and sales productivity.

FOR SALE DETAILS

PRICE

$3,093,750 USD

PRICE/SF

$914 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Convenience Store, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

18.81 AC

LAND SF

819,364 SF

ZONING

-

APN/PARCEL ID

09-119-21-31-0009

ASK ABOUT THIS PROPERTY

Blake TagmyerCushman & WakefieldMore Info
303-808-6311

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Blake TagmyerCushman & WakefieldMore Info
303-808-6311

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