Raising Canes - Coralville, IA

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present for sale a single tenant Raising Canes (the “Property” or “Asset”) offering in Coralville, IA. The Asset is strategically positioned on an outparcel of a Walmart Supercenter and Costco Wholesale, adjacent to Coral Ridge Shopping Mall, the second most visited shopping center in Iowa with 7.3 million annual visitors. Other major retailers within the corridor include Costco, Target, JC Penney, Kohl’s, and many more. The Property is located just 10-minutes from the main campus of the University of Iowa. The Asset’s precise location off Interstate 80 benefits from exposure to nearly 130,000 VPD.

The tenant opened for business in 2022 and operates on a corporately guaranteed ground lease with 13+ years of primary term remaining, 10% rent increases every 5-years and five, 5-year renewal options. This location is the only Raising Canes within a 60-mile radius and has lower rents than any other Raising Caine’s on the market.

This Asset provides an opportunity to acquire a long-term cash flow guaranteed by Raising Canes with zero landlord responsibilities in a premier corridor.

Broker of Record

AARON HYDE

Senior Vice President

License #S56270000

515.953.8834

Aaron.Hyde@jll.com