First Raising Cane’s in Upstate New York: This location represents a significant market-entry opportunity as the first Raising Cane’s in Upstate New York, with the nearest existing location approximately 195 miles away in Albany, creating a highly differentiated and geographically strategic investment.
Corporate-Guaranteed Absolute NNN Ground Lease: Backed by Raising Cane’s corporate guarantee, the 15-year Absolute NNN ground lease provides investors with a highly passive ownership structure and minimal landlord responsibilities, while benefiting from a nationally recognized, high-growth restaurant operator.
Strong Local Demographics: The property is positioned within a highly populated and affluent trade area, with approximately 168,532 residents and $95,750 average household income within five miles.
45-Year Potential Lease Term: The initial 15-year lease is complemented by six (6) five-year renewal options, providing the potential for up to 45 years of total occupancy and exceptional long-term income visibility.
Contractual 10% Rent Growth: The lease features 10% rent increases every five years, providing predictable NOI growth and a built-in hedge against inflation while enhancing long-term investment returns.
Nationally Recognized, High-Growth Tenant: Raising Cane’s is one of the nation’s fastest-growing QSR brands, providing investors with exposure to a highly sought-after, creditworthy restaurant tenant with a proven operating model and significant national expansion strategy.