506 Utica Ave
Brooklyn, NY 11203
Retail Property For Sale

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Raising Cane’s at 506 Utica Avenue in Brooklyn, New York (“Property” or “Asset”). The Property is operating on an absolute NNN ground lease with a rare 20-year primary lease term, 10% rent escalations every 5 years and five, five-year options. This flagship Raising Cane's location marks the brand's Brooklyn debut, capturing an entirely untapped market.
Raising Cane's is a rapidly growing fast-food chain that has expanded to nearly 900 locations worldwide. Currently recognized as the 3rd largest chicken chain by sales in the U.S., Raising Cane’s serves more than 515+ million customers annually and has generated 64 straight quarters of positive same-store sales growth, establishing itself as a top QSR chain.
Raising Cane's sits at the culmination of Prospect Lefferts Gardens and Crown Heights, nestled within one of Brooklyn's most coveted residential neighborhoods. The site accesses more than 1.3M residents within a 3-mile radius, with average household incomes exceeding $123K—representing exceptional purchasing power in one of America's densest markets. The property enjoys a prime position along Utica Avenue, a major four-lane commercial corridor with direct visibility to over 22,000 vehicles per day. This bustling thoroughfare features an abundance of businesses and restaurants while also serving the busy B46 bus route, ensuring consistent foot traffic and exposure.
Brooklyn is New York City’s most populous and fastest growing borough and is recognized as the 3rd largest “City” in America. Brooklyn's exceptional connectivity through extensive bridges, tunnels, and subway lines, combined with top-tier walkability rankings, creates foot traffic-rich commercial districts that drive consistent customer flow.
This unique opportunity allows investors to acquire long-term, passive income from the first Raising Cane's location in an urban infill Brooklyn neighborhood with high barriers to entry.