SEC of Unser Blvd and Southern Blvd - Fast Food FOR SALE


Rio Rancho, NM 87124
$3,435,000 USD
480-221-4221
SEC of Unser Blvd and Southern Blvd, Rio Rancho, NM for Sale
$3,435,000 USD
Fast Food - FOR SALE
1/9
null | 4.28% Cap Rate

SEC of Unser Blvd and Southern Blvd
Rio Rancho, NM 87124


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | Corporate Signed | Renowned QSR Chicken Brand
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Signalized, Hard-Corner Intersection (63,600) | Excellent Visibility & Access | Double Drive-Thru Equipped
  • Nearby Walmart Supercenter | Retail Corridor | Strong National/Credit Tenant Presence
  • Direct Consumer Base | Affluent Albuquerque Suburb | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, newly-constructed, double drive-thru equipped Raising Cane’s investment property located in Rio Rancho, New Mexico (Albuquerque MSA). The tenant, Raising Cane’s Restaurants, LLC, recently signed a brand new 15-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity, Raising Cane’s Restaurants, LLC, and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1996, Raising Cane’s is a well-known and established QSR chicken brand with more than 700 restaurants around the world and several new restaurants in development.

FOR SALE DETAILS

PRICE

$3,435,000 USD

PRICE/SF

$1,080 USD /SF

CAP RATE

4.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane's | New 15yr Corp Abs NNN | DrTh

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

Commercial

APN/PARCEL ID

1-011-068-378-334

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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