Raising Cane's - Net Lease Property for Sale
Rocky River, OH
Key Investment Metrics
Price
$4,686,886
Cap Rate
5.8%
Net Operating Income
$269,496
Building Size
3418 SF
Lot Size
3,418 SF
Land Area
1.23 Acres
Remaining Term
10 years
Lease Type
Absolute NNN
Year Built
2020
Occupancy
100%
Tenancy
Single
About This Raising Cane's Net Lease Property
This Raising Cane's NNN (triple net lease) property is located in Rocky River, OH and represents an excellent investment opportunity for commercial real estate investors. The property features 3418 square feet of building space and was built in 2020.
With a cap rate of 5.8%, this Raising Cane's net lease property offers stable income potential. The asking price is $4,686,886, 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.
Rocky River, OH Market Overview
Located in Rocky River, OH, this Raising Cane's property benefits from strong local demographics and market fundamentals. The Rocky River 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.