Raising Cane's 31327 Gratiot Ave 3,034 SF 100% Leased Retail Building Roseville, MI 48066 $5,825,684 CAD ($1,920.13 CAD/SF) 4.75% Cap Rate

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Raising Cane’s ground lease located at 31327 Gratiot Avenue in Roseville, Michigan (the “Property”). The new construction building will consist of a 3,034 square foot building with two dedicated drive through lanes on a 0.88-acre corner parcel. Raising Cane’s has a 20-year Absolute NNN Ground Lease with ten (10), 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. Raising Cane’s is under construction with an anticipated rent commencement date of February 26, 2027.
The Property is strategically positioned at 31327 Gratiot Avenue (M-3), one of Macomb County's most heavily traveled commercial corridors and a primary retail artery serving the northeastern Detroit metropolitan area. The site benefits from exceptional visibility and accessibility along Gratiot Avenue, with convenient access to Interstate 94 (across the street), Interstate 696, and M-59 (Hall Road), providing direct connectivity to Roseville, Sterling Heights, Clinton Township, Warren, and the broader Detroit region.
The surrounding trade area features a dense population base, established residential neighborhoods, and a significant concentration of national retailers, restaurants, automotive dealerships, healthcare providers, and service-oriented businesses that generate substantial consumer traffic throughout the day. The Property is also supported by several major employers in the region, including automotive manufacturers, defense contractors, healthcare systems, and industrial employers located throughout Macomb County, as well as nearby educational institutions such as Macomb Community College, one of Michigan's largest community colleges. Additionally, the corridor benefits from strong commuter traffic driven by employees traveling between Detroit's employment centers and the surrounding suburban communities. As a result, the Property draws from a broad and diverse customer base consisting of residents, workers, students, and visitors.
The combination of outstanding traffic counts, strong regional accessibility, proximity to major employment centers, and location within one of the area's premier retail corridors makes this an ideal location for Raising Cane's, supporting high customer volumes and sustained long-term demand for quick-service dining.