Beschreibung

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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Eigenschaften

Angebotspreis

11.550.000 €

Rendite

5 %

NOI

578.000 €

WAULT / DRMV

20 Jahre

Grundstücksfläche brutto

0,22 Hektar

Baujahr

2026

Medien

Investment-Highlights

Flagship restaurant as the 1^st 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