Drive Through Raising Canes Restaurant 1360 Travis Blvd 3,331 SF 4-Star Retail Building Fairfield, CA 94533 $2,900,000 ($870.61/SF) 4.66% Cap Rate
EXECUTIVE SUMMARY
Brand New Built Drive Through Raising Cane's restaurant, 2024, for sale the fee simple ground lease interest.
Located at Solano Town Center, Fairfield, California
Corporate Guarantee from one of the top QSR chains
Raising Cane's chicken empire has 749 + locations and ranked among the best and most profitable quick service restaurants
This raising Cane's is equipped with the company's latest prototype design with it's new dual lane drive-thru, offering convenient and faster service
Long term net lease structure with zero landlord responsibility, 15 year prime lease, 3 five year options, and 1 four year renewal option
The lease offers 10% rental escalations every five years
Located at Solano Town Center, Fairfield, California
Corporate Guarantee from one of the top QSR chains
Raising Cane's chicken empire has 749 + locations and ranked among the best and most profitable quick service restaurants
This raising Cane's is equipped with the company's latest prototype design with it's new dual lane drive-thru, offering convenient and faster service
Long term net lease structure with zero landlord responsibility, 15 year prime lease, 3 five year options, and 1 four year renewal option
The lease offers 10% rental escalations every five years
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,331 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$2,900,000
Price Per SF
$870.61
Cap Rate
4.66%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.72 AC
Zoning
Restaurant - Restaurant
AMENITIES
- Restaurant
- Security System
- Drive Thru
- Accent Lighting
- Recessed Lighting
- Air Conditioning
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0033-240-030 | Improvements Assessment | $29,359,616 |
| Land Assessment | $0 | Total Assessment | $29,359,616 |
