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Investment Highlights

  • New Construction Ground Lease
  • Dynamic Tenant
  • Outstanding Location
  • Attractive Rent Increases
  • Zero Management Responsibilities
  • Strong Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Raising Cane’s ground lease located at 2781 Mannheim Road in Des Plaines, Illinois (the “Property”). The new construction building consists of a 2,818 square foot building with a dedicated drive through lane on a 1.09-acre parcel. Raising Cane’s has 14 years remaining on their Absolute NNN Ground Lease with five (5), five-year renewal options. The Lease calls for attractive rent increases of 10% every five years throughout the base term and at the start of each renewal option period. The new construction Raising Cane’s is situated along Mannheim Road (US Route 45), the area’s primary commercial corridor. The Property features outstanding frontage and visibility and enjoys convenient access to Interstate 90 and 294 as well as IL Route 72. The Property is seconds from Chicago’s O’Hare International Airport and the Allstate Areana, and is surrounded by national retailers, large office and industrial properties, and numerous nationally branded hotels, all of which drive traffic to the immediate area. Des Plaines is a city located in Cook County Illinois and is a northwestern suburb of Chicago. The village is located roughly 17 miles northwest of Chicago’s Central Business District and approximately 1 mile from O’Hare International Airport.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,818 SF
Building Class
C
Year Built
2024
Price
$4,965,401 CAD
Price Per SF
$1,762.03 CAD
Cap Rate
5.15%
NOI
$255,735 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.09 AC

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -

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.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services - - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100

Nearby Major Retailers

Starbucks
First Watch
Five Guys
Outback Steakhouse
IHOP
Chili's Grill & Bar
Fifth Third Bank
Portillo's
Steak ‘n Shake
LongHorn Steakhouse

Property Taxes

Property Taxes

Parcel Number
09-33-108-022-0000
Land Assessment
$76,405 CAD
Improvements Assessment
$0 CAD
Total Assessment
$76,405 CAD
  • Listing ID: 39012462

  • Date on Market: 2026-01-08

  • Last Updated:

  • Address: 2781 Mannheim Rd, Des Plaines, IL 60018

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