STNL RAISING CANE'S ABSOLUTE NNN 15YR LEASE

3,316 SF | Retail Building | Henderson, NV 89015 | $4,375,000 ($1,319/SF) | 4% Cap Rate

Asking Price $4,375,000

Property Type: Retail, Restaurant
Square Feet: 3,316 SF
Price / Square Foot: $1,319

Listing Contacts

Michael Hiltz

Verified Profile

Zach Schauer

Verified Profile

Property Info

Property Overview

Hiltz Commercial Group and RDS Associates are please to present an investment opportunity in a leasehold interest for a corporate-guaranteed, Absolute NNN property located in Henderson, Nevada (Las Vegas MSA). The property features a new 15-year lease with Five (5-year) extension options, showcasing the tenant's dedication to the site. The lease has 10% rental increases every 5 years throughout the initial term and at the start of each option period, providing investors with a stable, long-term investment opportunity in a highly desirable location.
The lease is corporate guaranteed by Raising Cane's Restaurants, L.L.C, which is headquartered in Baton Rouge, LA, and has over 620 locations in the United States and internationally. Raising Canes is known for its quality chicken fingers, crinkle-cut fries, and signature dipping sauce. The leased property in Henderson is part of the company's expansion plans and is set to open in Q1 of 2024. This Absolute NNN lease offers a management-free investment opportunity for passive investors with zero landlord responsibilities, leased by a reputable tenant with a strong track record of success.

Property Details

Class: B
Year Built: 2025
Stories: 1
Property Subtype: Freestanding
Lot Size (sq. ft): 72,745 SF

Highlights

Brand New 15-Year Lease | Corporate Guaranteed | New Construction
Absolute Triple-Net (NNN) Ground Lease (Zero Landlord Obligations)
Daily Combined Traffic Counts Exceed +/- 46,000 Vehicles. Traffic Counts will soon surpass +/- 65,000 vehicles per day
Minutes from US-95/I-11 (+/- 100,000 VPD) and I-215 Freeway (+/-150,000 VPD)
Positioned at the Epicenter of Downtown Henderson's Major Retail & Traffic Corridor: Excellent Visibility at a Major Signalized Intersection.

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