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Raising Canes - Charlotte, NC MSA 3638 E Franklin Blvd 2,680 SF Retail Building Gastonia, NC 28056 $7,649,924 CAD ($2,854.45 CAD/SF) 4.25% Cap Rate
Investment Highlights
- Corporate Guaranty - Backed by a full corporate guaranty from Raising Cane's Restaurants, L.L.C.
- Placer-Validated Retail Node
- Absolute NNN Ground Lease
Executive Summary
Placer-Validated Retail Node - Surrounding anchors rank among the nation's top performers per Placer.ai including Lowe's (top 5% nationwide), Sam's Club (top 20% nationwide), and Kohl's (top 25% in North Carolina) validating the corridor as one of Gaston County's premier consumer destinations.
Dense Trade Area | 115K+ in 5 Miles | ~20 Min to Charlotte - The property serves a deep, affluent trade area of 115,711 residents within five miles, with average household income exceeding $124,000 in one mile, and sits within the 2.6 million-resident Charlotte–Concord–Gastonia MSA, one of the nation's fastest-growing metros.
Among the Highest AUV in QSR | ~$6.6 Million Per Unit - Raising Cane's restaurants average roughly $6.6 million in annual sales among the highest average unit volumes of any quick-service brand in the country.
Corporate Guaranty - Backed by a full corporate guaranty from Raising Cane's Restaurants, L.L.C. one of the fastest-growing and highest-volume restaurant operators in the United States, with 1,000+ locations nationwide and approximately $5+ billion in annual systemwide sales.
Irreplaceable Infill Corridor - The site anchors Gastonia's dominant E Franklin Blvd corridor, comprising approximately 2 million SF of retail within one mile operating at less than 1% vacancy, with minimal new construction in the pipeline creating significant barriers to entry and supply-constrained real estate fundamentals.
Absolute NNN Ground Lease - Secured by a brand-new 15-year ground lease featuring 10% rent increases every five years throughout the primary term and option periods, creating durable income growth and long-term inflation protection.
Dense Trade Area | 115K+ in 5 Miles | ~20 Min to Charlotte - The property serves a deep, affluent trade area of 115,711 residents within five miles, with average household income exceeding $124,000 in one mile, and sits within the 2.6 million-resident Charlotte–Concord–Gastonia MSA, one of the nation's fastest-growing metros.
Among the Highest AUV in QSR | ~$6.6 Million Per Unit - Raising Cane's restaurants average roughly $6.6 million in annual sales among the highest average unit volumes of any quick-service brand in the country.
Corporate Guaranty - Backed by a full corporate guaranty from Raising Cane's Restaurants, L.L.C. one of the fastest-growing and highest-volume restaurant operators in the United States, with 1,000+ locations nationwide and approximately $5+ billion in annual systemwide sales.
Irreplaceable Infill Corridor - The site anchors Gastonia's dominant E Franklin Blvd corridor, comprising approximately 2 million SF of retail within one mile operating at less than 1% vacancy, with minimal new construction in the pipeline creating significant barriers to entry and supply-constrained real estate fundamentals.
Absolute NNN Ground Lease - Secured by a brand-new 15-year ground lease featuring 10% rent increases every five years throughout the primary term and option periods, creating durable income growth and long-term inflation protection.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,680 SF
Building Class
B
Year Built
2026
Price
$7,649,924 CAD
Price Per SF
$2,854.45 CAD
Cap Rate
4.25%
NOI
$325,146 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.26 AC
Opportunity Zone
Yes
Zoning
C3 - Commercial
Parking
96 Spaces (35.82 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 138036 | Improvements Assessment | $1,385,454 CAD |
| Land Assessment | $2,590,307 CAD | Total Assessment | $3,975,761 CAD |
Property Taxes
Parcel Number
138036
Land Assessment
$2,590,307 CAD
Improvements Assessment
$1,385,454 CAD
Total Assessment
$3,975,761 CAD
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Levitt Mosley -
Atlantic Capital Partners
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Raising Canes - Charlotte, NC MSA | 3638 E Franklin Blvd
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