Raising Cane’s

Bellvue, NE

Price $4,000,000
Cap Rate 6.00%
TYPE Single-Tenant
STATUS Under Contract
Tenant Raising Cane's
LEASE TYPE Absolute NNN
SQUARE FEET 2,899
PRICE/SQ FT $1,379
YEAR BUILT 2019
LEASE EXP. 1/31/2034
LISTING AGENT Jessica Zahn Gibson
602-770-7145
jess@ciadvisor.com
Justin Zahn
480-718-5555
justin@ciadvisor.com

Property Description

Raising Cane’s has a brand new 20-year Absolute NNN lease with rental escalations every 5 years and five 5-year renewal options. The tenant, Raising Cane’s Restaurants, LLC (Corporate Entity) has more than 390 restaurants in 24 states, Bahrain, Kuwait, Lebanon, Saudi Arabia, and United Arab Emirates.

Raising Cane’s is located in Bellevue, Nebraska on large 1.10 acre lot that is just off a hard corner with excellent drive-by visibility. Nearby retailers include: Walmart Supercenter, Menards, Shopko, Dollar Tree, Dollar General, Baker’s, ALDI, Family Fare Supermarket, Sears Hometown Store, JOANN Fabrics, Petco Animal Supplies, Ace Hardware, Walgreens, etc. This asset is just 1.5 miles from Bellevue University (enrollment of 8,896) and 3 miles from the Offutt Air Force Base (7,967 total military & 8,786 total civilians).

Property Highlights

  • Brand New 15-Year Absolute NNN Lease with Rental Escalations Every 5 Years
  • Positioned on a Large ±1.10 Acre-Lot with Excellent Visibility on Cornhusker Road, Just Off the Hard Corner where Traffic Counts Exceed 47,600 CPD!
  • Raising Cane’s Restaurants, LLC (Corporate Entity) has More than 390 Restaurants in 24 States, Bahrain, Kuwait, Lebanon, Saudi Arabia & United Arab Emirates
  • 2018 Demographics (5-MI): Total Population: 131,079 | Average Household Income: $74,646 | Population Growth 2010-2018 (1-MI): 16.19%