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Raising Cane's 1250 S Alma School Rd 2,691 SF Retail Building Mesa, AZ 85210 $1,363,636 ($506.74/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Ground Lease (Leasehold Interest)
- Strong Corporate Guaranty
- Extremely low price point for Raising Cane’s
- Long Term Primary Lease - ±13 Years Remaining
- 10% rent increase every 5 years
EXECUTIVE SUMMARY
• Absolute NNN Ground Lease (Leasehold Interest)
• Long Term Primary Lease - ±13 Years Remaining
• Strong Corporate Guaranty
• 10% rent increase every 5 years
• Extremely low price point for Raising Cane’s
TENANT HIGHLIGHTS
• In 2024, the brand earned more than $5.1 billion in systemwide sales (CNBC)
• Raising Cane’s had an Average Unit Volume (AUV) of $6.6 million in 2024 – more than double the QSR peer average (CNBC)
• ±900 locations across 42 states with an additional 50 international locations and 200 planned locations
• Raising Cane’s is ranked in the Top 25 of QSRs (Restaurant Business Online)
• ±28 years in business
LOCATION HIGHLIGHTS
• Located in front of the Fiesta Mall redevelopment, a ±80-acre mixed-use development project
• Densely populated trade area with over ±409,000 residents in a 5 mile radius
• Frontage on Alma School Road (±44,017 VPD)
• Located ±0.5 miles from U.S. 60 with over ±266,346 VPD
• Less than 1 mile from Banner Desert Medical Center (±669 beds) and Mesa Community College (±29,000 students)
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Restaurant
- Drive Thru
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- 2,691 SF
- -
- Triple Net
- -
A Restaurant that only serves Chicken Fingers? The business plan received the lowest grade in a college class because the professor said it wouldn’t work. When he tried to get loans, the banks said no, but Todd wasn’t giving up. Raising Cane's Chicken Fingers is an American fast-food restaurant chain specializing in chicken fingers founded in Baton Rouge, Louisiana by Todd Graves. Raising Cane’s is active in their Communities, supporting local organizations for causes that are close to their heart — but they can’t do it alone! Get in touch today to help them support their Community.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 2,691 SF | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 134-26-414 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $277,171 |
PROPERTY TAXES
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Raising Cane's | 1250 S Alma School Rd
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