Price $3,795,000 | Built/Renov 2023 | Tenant Raising Cane's (GL) |
Cap Rate 4.35% | Lease Type
Abs NNN | Guarantor Corporate |
Size/SF
3,062
| Lease Start
11-01-2023
| #Units
677
|
Price/SF $1,239.39 | Expiration
10-31-2038
| Tenant Type Fast Casual/Rest. |
NOI $165,000 | R. Term 14.10 | Ownership Ground Lease |
Rent/SF
$53.89
| Increases 10.0%/5/yrs | Pop 5Mi 254,834 |
Lot/AC 1.18 | Options 5/5yrs/10% | AHHI 5Mi $94,202 |
| |
This newly constructed Raising Cane’s is strategically located at the signalized, hard corner intersection of Olive Boulevard and McKnight Road with access to 30,422 vehicles per day. The subject property benefits from its close proximity to the on/off ramps of the Inner Belt Expressway (Interstate 170) seeing over 100,235 vehicles per day. Additionally, the site benefits from its location as...
...New construction
Signalized intersection
Hard corner intersection
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Brand new lease
Absolute NNN
Corporate Guarantee
Founded by Todd Graves in 1996 in Baton Rouge, Louisiana, Raising Cane’s is one of the fastest-growing quick-service restaurant chains in the U.S. Renowned for its fresh, never frozen chicken...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 11,503 | 99,834 | 255,060 |
2023 Total Population : | 11,153 | 99,148 | 255,863 |
2023 Employed Civilian Pop : | 5,737 | 50,200 | 132,842 |
2023 Total Businesses : | 546 | 5,880 | 13,310 |
2023 Average Household Income : | $ 112,596 | $ 130,295 | $ 111,506 |
2023 Total Consumer Spending : | $ 515 M | $ 4808 M | $ 10866 M |
2023 Median Age : | 47 | 41 | 39 |
2023 Total Households : | 5,308 | 43,072 | 113,027 |
2023 Pop Age 25+: Bachelor's Degree : | 2,582 | 18,466 | 45,419 |
2023 Average Home Value : | $ 383,922 | $ 444,717 | $ 383,668 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Olive Blvd | Briscoe Pl | 2013 | 18,144 | 0.06 mi |
N McKnight Rd | Mayflower Ct | 2013 | 5,670 | 0.06 mi |
Woodson Rd | Elmore Ave | 2013 | 7,160 | 0.10 mi |
Olive Boulevard | Hafner Pl | 2022 | 5,572 | 0.11 mi |
Olive Blvd | Briscoe Pl | 2019 | 19,146 | 0.11 mi |
Olive Boulevard | Briscoe Pl | 2018 | 9,765 | 0.11 mi |
I- 170 | 2022 | 3,265 | 0.21 mi | |
Olive Blvd | 2022 | 10,920 | 0.22 mi | |
Olive Blvd | 2022 | 8,883 | 0.23 mi | |
Ramp Olive Blvd Ramp W | 2022 | 6,525 | 0.25 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]