Raising Cane's - Louisville, KY

3,170 SF | Retail Building | Louisville, KY 40291 | $5,200,000 ($1,640/SF) | 6% Cap Rate

Asking Price $5,200,000

Property Type: Retail, Restaurant, Industrial
Square Feet: 3,170 SF
Price / Square Foot: $1,640

Listing Contacts

Evan Beeson

Verified Profile

Property Info

Property Overview

Sands Investment Group is Pleased to Present Exclusively For Sale the Absolute Triple Net (NNN) Raising Cane's Asset Located at 6811 Bardstown Road in Louisville, Kentucky. The Property is Positioned on a Signalized Corner Featuring Over 41,000 Vehicles Per Day. Raising Cane's Has a Long-Term Lease in Place With Fixed 7.5% Rental Increases Every 5 Years Throughout the Term and in the Option Periods.

In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934

Property Details

Class: C
Year Built: 2000
Stories: 1
Property Subtype: Storefront
Lot Size (sq. ft): 39,204 SF

Highlights

Absolute NNN Corporate Raising Cane's Asset Featuring ±10 Years on the Initial Lease Term
Positioned Along One of Louisville's Primary North/South Thoroughfares, Bardstown Road, the Site Sees Over 41,400 Vehicles Per Day
Located on a Signalized Intersection in a Robust Retail Corridor; National Retailers Surrounding the Site Including: Walmart, Kroger Etc.
Louisville is the Largest City in Kentucky With a Metro Featuring 1,300,000 Residents and Growing
Raising Cane's Boasts Industry Leading Average Unit Sales (AUV) North of $5,440,000 in 2023 and Expected Eclipse $6,000,000 in 2024
Raising Cane's is One of the Fastest Growing QSR Brands in the Country, Opening More Than 100 Locations in 2023

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