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STNL Raising Cane's 2231 Fremont Street 3,181 SF 4-Star Retail Building Las Vegas, NV 89101 $5,374,292 CAD ($1,689.50 CAD/SF) 4.16% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Absolute NNN Ground Lease
- Raising Cane’s Restaurants, LLC – Corporate Guaranty
- Combined Traffic Counts in Excess of ±100,400 VPD
- 10% rental increases every 5 years, including options
- Opportunity Zone Location
- Proximity to Downtown Las Vegas and the world famous Fremont Street Experience
EXECUTIVE SUMMARY
Colliers is pleased to exclusively offer the opportunity to acquire a new construction single-tenant net-leased Raising Cane’s with double drive-thru located within an Opportunity Zone near the historic Fremont East District in Las Vegas, NV. The property consists of a ±3,181 SF freestanding building, and benefits from a 15-Year Absolute NNN ground lease, with five (5), five year options to extend.
The asset is adjacent to a future Starbucks that is scheduled to open in Q3 2025. The subject is well-positioned at the signalized northwest corner of Eastern Ave. and Fremont St., near Charleston Blvd. – three major commuter thoroughfares with combined traffic counts in excess of ±100,400 VPD. The site also sits just south of the I-11 Freeway, boasting an additional ±142,000 VPD. The property is located in close proximity to Downtown Las Vegas, featuring multiple demand drivers including attractions such as Fremont Street Experience, The Smith Center for the Performing Arts, Simon’s Premium Fashion Outlets, as well as the Clark County Government Center, Municipal and Federal Court Buildings and the Arts District while servicing a daytime population of ±688,338 consumers within a 5-mile radius.
The asset is adjacent to a future Starbucks that is scheduled to open in Q3 2025. The subject is well-positioned at the signalized northwest corner of Eastern Ave. and Fremont St., near Charleston Blvd. – three major commuter thoroughfares with combined traffic counts in excess of ±100,400 VPD. The site also sits just south of the I-11 Freeway, boasting an additional ±142,000 VPD. The property is located in close proximity to Downtown Las Vegas, featuring multiple demand drivers including attractions such as Fremont Street Experience, The Smith Center for the Performing Arts, Simon’s Premium Fashion Outlets, as well as the Clark County Government Center, Municipal and Federal Court Buildings and the Arts District while servicing a daytime population of ±688,338 consumers within a 5-mile radius.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,181 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$5,374,292 CAD
Price Per SF
$1,689.50 CAD
Cap Rate
4.16%
NOI
$223,347 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.52 AC
Opportunity Zone
Yes
Zoning
T4-C - T4 Corridor
Frontage
137’ on East Fremont Street
AMENITIES
- Drive Thru
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
1 of 7
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STNL Raising Cane's | 2231 Fremont Street
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