823 Jefferson rd - Restaurant FOR SALE


Rochester, NY 14623
$5,000,000 USD
203-610-1541
823 Jefferson rd, Rochester, NY for Sale
$5,000,000 USD
Restaurant - FOR SALE
1/4
null | 5% Cap Rate

823 Jefferson rd
Rochester, NY 14623


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$1,439 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Canes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.12 AC

LAND SF

309,983 SF

ZONING

05 - COMME

APN/PARCEL ID

263200 162.09-1-3.113,263200-162-090-0001-003-110

ASK ABOUT THIS PROPERTY

Phil DiGennaroStream Capital Partners, LLCMore Info
203-610-1541

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Phil DiGennaroStream Capital Partners, LLCMore Info
203-610-1541

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