Raising Cane's NNN Property For Sale — Chattanooga, TN
1833 Gunbarrel Rd, Chattanooga, TN 37421
This offering features a Raising Cane's property in Chattanooga, TN, an excellent opportunity for investors seeking a stable asset with a strong corporate guarantee. The property benefits from a new 15-year absolute NNN ground lease, providing a hands-off investment. Raising Cane's has a proven track record of success with over 915 locations and consistent sales growth. This location boasts a new prototype design with a dual drive-thru, reflecting significant tenant investment. The surrounding area in Chattanooga is experiencing rapid growth, further enhancing the property's long-term value.
- Address: 1833 Gunbarrel Rd, Chattanooga, TN 37421
- Asking price $4.49M
- 4.45% cap rate
- NOI $199,983
- 13.8 years remaining
- NNN lease
- Year built: 2023
- Building size: 2,913 SF
- Rent increases: 10% increases every 5 years
- Guarantor: Corporate
Location
This Raising Cane's property is at 1833 Gunbarrel Rd in Chattanooga, Tennessee.
Asset type: Restaurant