Raising Cane's - Des Plaines, IL_Property for Sale
Raising Cane's - Des Plaines, IL_Property for Sale
2777 Mannheim Rd, Des Plaines, IL, 60018, US

Raising Cane's - Des Plaines, IL

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire a 2,818 square foot freestanding, single-tenant Raising Canes located at 2781 Mannheim Road in Des Plaines, Illinois (“Property” or “Asset”). Raising Cane’s is operating on a 15.0-year absolute NNN ground lease with 10.0% rent escalations every 5-years, five, five-year renewal options and zero landlord responsibilities.


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Attributes

Asking price
₩4,989,396,000
Cap rate
5.15%
NOI
₩256,971,000
WAULT
14.3 years
Year built
2024
Building area net
262 m²
Land area gross
0.44 ha

Media

Investment Highlights

  1. Operating on an absolute NNN ground lease with ±14.3 years of primary lease term remaining
  2. Raising Cane's has generated 63 straight quarters of positive same-store sales, and AUV has more than doubled since 2015
  3. Adjacent to O'Hare International Airport wtih 74 million annual passengers
  4. Just off I-90, one of Chicago's most traveled roadways with accessability to 191,000 VPD
  5. Over 2,000 surrounding hotel rooms in the immediate area
  6. Highly affluent residential base earning $134,000 in average household income (3-mile radius)
  7. Adjacent to Allstate Arena, one of the largest indoor entertainment facilities in Chicago
Raising Cane's - Des Plaines, IL 4_Property for Sale
Raising Cane's - Des Plaines, IL 4_Property for Sale

Contact brokers

Raising Cane's - Des Plaines, IL (0 Properties)

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Last updated
28 Jul 2025