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Raising Cane's 2781 Mannheim Rd 2,818 SF Retail Building Des Plaines, IL 60018 $4,965,401 CAD ($1,762.03 CAD/SF) 5.15% Cap Rate



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
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
Property Taxes
| Parcel Number | 09-33-108-022-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $76,405 CAD | Total Assessment | $76,405 CAD |
Property Taxes
Parcel Number
09-33-108-022-0000
Land Assessment
$76,405 CAD
Improvements Assessment
$0 CAD
Total Assessment
$76,405 CAD
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Raising Cane's | 2781 Mannheim Rd
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