QuickChek Carlstadt
720 Washington Street, Carlstadt, NJ, 07072, US
CA$13,594,000 | 511 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Raising Cane’s at 506 Utica Avenue in Brooklyn, New York (“Property” or “Asset”). The Property operates on an absolute NNN ground lease with a rare 20-year primary lease term, 10% rent escalations every 5 years and five, five-year options. This flagship Raising Cane's location marks the brand's Brooklyn debut, capturing an entirely untapped market.
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Attributes
Asking price
CA$18,791,000
Cap rate
4.75%
NOI
CA$893,000
WAULT
20 years
Land area gross
0.22 ha
Year built
2026
Media
Investment highlights
- Flagship restaurant as the 1st Raising Cane’s location in Brooklyn
- Rare 20-year absolute NNN ground lease with no landlord responsibilities
- Extensive trade area with 1.3+ million residents within a 3-mile radius
- Urban infill location in market with high barriers to entry
- Raising Cane’s has seen 64 straight quarters of positive same-store sales growth
- Located in Prospect Lefferts Gardens, one of Brooklyn’s most desirable residential neighborhoods
- Frontage along Utica Avenue, a major four-lane commercial corridor
Contact brokers
Raising Cane's - Brooklyn, NY (Utica) (0 Properties)
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Last updated
Mar 23, 2026
