Raising Cane’s – Rio Rancho, NM

Raising Cane’s Chicken Fingers
2006 Southern Boulevard Southeast, Rio Rancho, NM 87124, USA

Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,181 SF Raising Cane’s Absolute NNN Ground Lease Asset Located at 2006 Southern Boulevard in Rio Rancho, NM. This Deal Includes a Long-Term Absolute Triple Net (NNN) Ground Lease (Zero Landlord Responsibility), 10% Rental Increases Every 5 Years & Options to Extend Through the Year 2063, Providing Investors With Stable, Passive Income Backed By a Nationally Recognized Brand.

  • New 2024 Construction— Corporate Guarantee – Absolute Triple Net (NNN) Ground Lease — 14+ Years Remaining
  • Raising Cane’s is One of the Fastest Growing QSR Chains in the U.S., With Over 900 Locations Nationwide and Plans to Open 100 New Stores in the Coming Year
  • Raising Cane’s Recently Reported $5.1B in Revenue (2024) and $6.56M in Average Unit Sales Volume (2024)
  • Long Term Absolute Triple Net (NNN) Ground Lease (Zero Landlord Responsibility), 10% Rental Increases Every 5 Years, and Options to Extend Through the Year 2063
  • Ideally Positioned on the Corner of a Signalized Intersection – “Main and Main” Retail Corridor – Seeing 60,000+ Vehicles Per Day
  • Oversized Lot (1.30 AC) With Excellent Visibility, Multiple Points Of Access, and a Double Lane Drive Thru
  • Excellent Retail Synergy – This Property is Surrounded By National Name Brand Tenants Such as Chick-fil-A, Wendy’s, McDonald’s, Starbucks, Chili’s, Burger King, Carls Jr., Del Taco, and More
  • Infill, Affluent, and Growing Market – There Are 80,000+ Residents Making an Avg HH Income of $104,067 Within a 3-Mile Radius of the Property, the 3-Mile Radius is Expected to Experience a 6% Increase in Population By the Year 2029
  • Healthy Rental Rate – Especially When Compared to Other Raising Cane’s Deals on The Market Today

 

In Cooperation With Sands Investment Group – Lic. #9623 BoR: Andrew Ackerman – Lic. NM #20310

Raising Cane’s Chicken Fingers
2006 Southern Boulevard Southeast, Rio Rancho, NM 87124, USA

RAISING CANE’S

Raising Cane’s Chicken Fingers is an American fast-casual chain specializing in chicken fingers founded in 1996 in Baton Rouge, Louisiana, by Todd Graves and Craig Silvey. RAISING CANE’S CHICKEN FINGERS has more than 800 restaurants, with multiple new restaurants under construction. The company has ONE LOVE®— quality chicken finger meals—and is continually recognized for its unique business model and customer satisfaction. Raising Cane’s vision is to grow Restaurants, serving our Customers all over the world, and be the brand for quality chicken-finger meals, a great Crew, cool Culture, and active Community involvement. Raising Cane’s is continuously climbing. They’ve received countless awards. This includes the Best Chicken Tenders from The Fasties — a fast food awards show started by Thrillist. At Raising Cane’s®, one can get an exceptionally high-quality product served quickly and conveniently. Raising can do this because it offers a limited menu. The specialized systems developed by Raising Cane’s® allow us to maintain a level of quality unmatched in the industry.

Price

$3,266,667

Cap Rate

4.50%

PREMISES

3,181 SF

RENEWAL OPTIONS

5 x 5 Year Options

Lease Expiration

12/31/2039

Lease Type

Absolute NNN Ground Lease

RENTAL INCREASES

10% Every 5 Years

List with SIG

Tap into the expertise of brokers who specialize in your property type.

Get In Touch