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Raising Cane’s Ground Lease, Buford, GA

Raising Cane’s Ground Lease

Buford, Georgia

Price $5,523,000
Cap Rate 3.35%
NOI $185,000
Lease Term 15 Years
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2022
Building Size 3,331 SF
Lot Size 1.064 Acres (46,348 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN GROUND LEASE
» New 15-year absolute NNN ground lease
» 10% rental increases every five (5) years, providing a hedge against inflation
» Requires no landlord management, ideal for passive investors
» First Raising Cane’s in Metro Atlanta and the only location within a 45-mile drive of the site
» Raising Cane’s opened more than 120 locations between 2020 and 2021
» Raising Cane’s plans to add 100 locations in 10 markets and over 15,000 jobs in 2022

PROMINENT LOCATION IN A DENSE RETAIL CORRIDOR WITH STRONG DEMOGRAPHICS
» Easy access location along State Route 20/Buford Drive (92,900 AADT)
» Shadow-anchored by Mall of Georgia (1.8 million SF, 225 stores), the largest mall in the state
» Prominent location in a dense retail corridor and surrounded by well-established national tenants including Costco, Sam’s Club, Target, Lowe’s Home Improvement, The Home Depot, DICK’s Sporting Good, and many more
» Nearby access to Interstate 985/Gainesville Con (61,600 AADT) and Interstate 85 (87,000 AADT), greatly increases visibility and traffic to the location
» 153,538 residents within a five-mile radius of the property
» Average annual household income of $106,970 within a five-mile radius and projected to increase 12 percent by 2026, poising Raising Cane’s and Buford for significant concurrent growth

CENTRAL LOCATION NEAR SCHOOLS, LARGE EMPLOYERS AND COMMUNITY HUBS
» Gateway Downtown Atlanta, the most populous city in Georgia (population of 498,715)
» Near several large schools including Underwood University (1,000 students), Ivy Creek Elementary School (1,286 students) and Lanier High School (1,868 students)
» Four miles from Downtown Buford with proximity to area hubs and attractions such as Rockin’ Jump Trampoline Park – Buford, Treetop Quest Gwinnett, Buford Dam Park, Lanier Islands Beach and Water Park and many others

NEW 2022 CONSTRUCTION
» New 2022 construction featuring the latest Raising Cane’s prototype
» Includes a dual-lane drive-thru and outdoor patio seating



Property Description

The property has an easily accessible location along State Route 20/Buford Drive, with excellent visibility and access to 92,900 vehicles per day. The property is shadow-anchored by Mall of Georgia (1.8 million SF, 225 stores), the largest mall in the state with over 14 million visitors. The site is immediately surrounded by a strong mix of well-established national tenants in a dense retail corridor, including Costco, Sam’s Club, Target, Lowe’s Home Improvement, The Home Depot, DICK’s Sporting Good, and many more. The site has nearby access to Interstate 985/Gainesville Con (61,600 AADT) and Interstate 85 (87,000 AADT), greatly increasing visibility and traffic to the location.153,538 residents live within a five-mile radius of the property with an average annual household income of $106,970. The average household income is projected to increase 12 percent by 2026, poising Raising Cane’s and Buford for significant concurrent growth.

The property benefits from its location near large schools, employers, and community hubs. The site is near several large schools including Ivy Creek Elementary School (1,286 students), Lanier High School (1,868 students), and many others. The property is just five miles from Underwood University (1,000 students). The site also experiences increased activity from its easy access to Downtown Buford, located just four miles away with proximity to the area’s local attractions, including Rockin’ Jump Trampoline Park – Buford, Treetop Quest Gwinnett, Buford Dam Park, and more. The location is thirty-five miles from Downtown Atlanta, the most populous city in Georgia with a population of 498,715. This is the first Raising Cane’s in Metro Atlanta and the only location within 45 miles of the site, greatly increasing customer traffic.

Contact Us About This Property

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