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Raising Cane's 336 Bald Hill Rd

3,286 SF Retail Building Warwick, RI 02886 $3,978,495 ($1,211/SF) 4.65% Cap Rate

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Investment Highlights

New Construction Ground Lease
Zero Management Responsibilities
Prime Retail Location

Rare & Attractive Rent Increases
Dynamic Tenant
Strong Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a new construction Raising Cane’s located at 336 Bald Hill Road in Warwick, Rhode Island (the “Property”). The free-standing single tenant Raising Cane’s consists of a 3,286 square foot building with a drive thru. Raising Cane’s has a new 15-year Absolute NNN Ground Lease with five (5), five-year renewal options. The lease calls for attractive 10% increases every 5-years throughout the primary lease term and at the start of each renewal option. The new construction Raising Cane’s is extremely well located at the signalized intersection of Bald Hill Road (RI Route 2), the region’s primary retail corridor, and W Natick Road (RI Route 5), a primary commuter corridor. The Property enjoys outstanding visibility, frontage and access and is part of a dominant trade area that is home to countless national retailers and restaurants, the Warwick Mall, Kent County Memorial Hospital, TF Green Airport, and major roadways including US Route 1 and Interstates 95 and 295, all of which drive traffic to the area. Additionally, the Property is within minutes of several area schools, multiple nationally branded hotel/motels, and is surrounded by densely populated residential neighborhoods providing a built-in customer base.