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14385 W Bell Rd 3,470 SF Retail Building Surprise, AZ 85374 $7,521,800 CAD ($2,167.67 CAD/SF) 4.80% Cap Rate

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Investment Highlights

• Single Tenant Net Leased Investment featuring a freestanding Raising Cane’s quick service restaurant with drive thru service
• Strong Passive Income generating approximately $264,000 in annual NOI under a Triple Net lease structure with minimal landlord responsibilities
• High Visibility Retail Corridor positioned along Bell Road in Surprise, Arizona, surrounded by strong national retailers and continued regional grow

• Long Term Lease Stability with approximately 12 years remaining on the base lease term, expiring October 2036, plus three additional five year renew
• Modern Build to Suit Construction with a 3,470 square foot building completed in 2017 on a 1.25 acre site designed specifically for Raising Cane’s o

Executive Summary

14385 W Bell Rd is a single tenant net leased quick service restaurant located along the Bell Road retail corridor in Surprise, Arizona. The 1.25 acre site is improved with a 3,470 square foot freestanding drive thru building constructed in 2017. Zoned PAD and situated in Flood Zone, the property benefits from strong retail synergy and regional growth. The asset is leased to Raising Cane’s under a triple net reverse build to suit structure with approximately 12 years remaining on the base term, expiring October 2036, plus renewal options. The property is projected to generate approximately $264,000 in annual net operating income.
The property is currently leased to Raising Cane’s through October 11, 2036, with three additional five year options to extend thereafter. The current annual rent is $264,000, equating to $22,000 per month. The lease is structured as Triple Net NNN. Raising Cane’s was founded in 1996 in Baton Rouge, Louisiana, and has grown to more than 900 locations nationwide, making it one of the fastest growing quick service restaurant brands in the United States.

Raising Canes- Brochure

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

3,470 SF

Building Class

Year Built

2017

Price

$7,521,800 CAD

Price Per SF

$2,167.67 CAD

Cap Rate

4.80%

NOI

$361,046 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.06

Lot Size

1.25 AC

Zoning

PAD

Restaurant

Signage

Drive Thru

Accommodation and Food Services
99,999 SF
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Raising Cane's Chicken Fingers started in 1996 when Todd Graves opened a restaurant near Louisiana State University. The company focuses exclusively on chicken finger meals with a small selection of sides. The streamlined menu features hand-battered chicken tenders, fries, coleslaw, and signature sauces. Raising Cane's has expanded across the United States and internationally while maintaining its limited-item concept. The company operates numerous locations and emphasizes a consistent customer experience.