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Raising Cane's Ground Lease 2806 Joseph Cannon Way 2,856 SF 4-Star Retail Building Marion, IL 62959 $3,622,606 CAD ($1,268.42 CAD/SF) 5% Cap Rate
Executive Summary
- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years - Zero landlord responsibilities
- Corporate Lease with Raising Cane’s Restaurants - 900+ locations and over $5.487 billion in sales in 2025
- $6.58 Million Average Unit Volume in 2025 - 1.97% implied rent to sales ratio indicating secure long-term tenancy
- Corporate Lease with Raising Cane’s Restaurants - 900+ locations and over $5.487 billion in sales in 2025
- $6.58 Million Average Unit Volume in 2025 - 1.97% implied rent to sales ratio indicating secure long-term tenancy
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
2,856 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$3,622,606 CAD
Price Per SF
$1,268.42 CAD
Cap Rate
5%
NOI
$181,130 CAD
Tenancy
Single
Building Height
1 Story
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
1 of 6
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Raising Cane's Ground Lease | 2806 Joseph Cannon Way
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