Raising Cane's - Net Lease Property for Sale
Altamonte Springs, FL
Key Investment Metrics
Price
$4,705,000
Cap Rate
4.3%
Net Operating Income
$200,000
Building Size
3224 SF
Lot Size
3,224 SF
Remaining Term
14 years
Lease Expiration
01/01/2040
Lease Term
15.1 years
Lease Commencement
12/16/2024
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2024
Occupancy
100%
Tenancy
Single
Rent Increases
10% every 5 years incl options
About This Raising Cane's Net Lease Property
This Raising Cane's NNN (triple net lease) property is located in Altamonte Springs, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 3224 square feet of building space and was built in 2024.
With a cap rate of 4.3%, this Raising Cane's net lease property offers stable income potential. The asking price is $4,705,000, making it an attractive option for 1031 exchange investors seeking quality Raising Cane's commercial properties.
Why Invest in Raising Cane's NNN Properties?
- Stable Income: Raising Cane's net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Raising Cane's is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Altamonte Springs, FL Market Overview
Located in Altamonte Springs, FL, this Raising Cane's property benefits from strong local demographics and market fundamentals. The Altamonte Springs area offers excellent visibility and accessibility, making it an ideal location for Raising Cane's operations and a solid investment for net lease property buyers.