Raising Cane's Absolute NNN Lease

2,724 SF | 4-Star Retail Building | Brownsville, TX 78521 | $4,709,524 ($1,729/SF) | 5.25% Cap Rate

Asking Price $4,709,524

Property Type: Retail, Restaurant
Square Feet: 2,724 SF
Price / Square Foot: $1,729

Listing Contacts

Robert Walker

Verified Profile

Property Info

Property Overview

This is an absolute NNN leased Raising Cane’s in Brownsville, Texas. The property built in 2016, consists of 2,724 square-feet and includes a drive-thru. The lease calls for zero landlord obligations and increases in rent every 5 years. The site is just off US Highway 77 with 111,000 VPD. Raising Cane’s sits on a highly visible hard corner with a signalized intersection. The property is also situated near The University of Texas Rio Grande Valley, Brownsville (Serving 12,000+ Students).
The site is also located between a Walmart Supercenter and The Home Depot. The property benefits from the growing trade area.

Property Details

Class: B
Year Built: 2016
Stories: 1
Lot Size (sq. ft): 39,204 SF

Highlights

15 YEAR ABSOLUTE NNN LEASE
ZERO LANDLORD OBLIGATIONS
SCHEDULED INCREASES IN RENT EVERY 5 YEARS
NEW 2016 CONSTRUCTION WITH A DRIVE-THRU
190,567 RESIDENTS IN GROWING TRADE AREA
LOCATED BETWEEN A WALMART SUPERCENTER WITH ESTIMATED SALES OAF $92 MILLION AND HOME DEPOT

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