Cushman & Wakefield is pleased to present for sale the leased fee interest (land ownership) in an absolute NNN, newly constructed, double drive-thru equipped Raising Cane’s
investment property located in Fort Wayne, Indiana. The tenant, Raising Cane’s Restaurants, LLC, recently signed a brand new 15-year lease with five (5-year) options to extend. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity, Raising Cane’s Restaurants, LLC, and has zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor.
Founded in 1996, Raising Cane’s is a highly successful QSR chicken brand with an average unit volume of $6.2M, 2.3 times the national average, and #3 in volume behind only
Portillo’s and Chic-Fil-A.