INVESTMENT OFFERING
SAB Capital is pleased to present Raising Cane’s in Nederland, TX. This an Absolute Triple Net investment opportunity, with zero landlord responsibilities. The current lease term runs through January 2030, creating a passive stream of income for over 8 years with a strong corporate guaranty. The site is ideally located in a dense trade area and along a major retail thoroughfare that sees over 28,000 vehicles per day. Raising Cane’s is one of the fastest growing quick service restaurant chains in the United States, with sales growth exceeding 17% year-over-year through 2020.
- Raising Cane’s in Nederland, TX | 12 Miles Southeast of Beaumont
- Strong Corporate Guaranty | Raising Cane’s Has Over 550 Locations Nationwide
- Scheduled Rent Increase in 2025 | 4.4% Bump Serves as a Strong Hedge Against Inflation
- Absolute Triple Net Lease (NNN) | Zero Landlord Responsibilities
- Raising Cane’s is Among the Nation’s Fastest Growing Chains According to National Restaurant News | Boasted $1.72B in Systemwide Sales During 2020 (17.5% Year-Over-Year Increase)
- Ideally Located on FM 365 With Excellent Exposure | 28,000+ Vehicles Per Day (VPD)
- Dense Trade Area | More Than 1.2 Million Square Feet of Existing Retail Space Within One Mile of Subject
- Located Across From the Central Mall | 712K Square Foot Shopping Center That Has Drawn More Than 3 Million Visitors Over the Past 12 Months | Several National Tenants Located at the Mall
- Additional National Retailers Located Nearby : Starbucks, Chick-Fil-A, IHOP, Target, Buffalo Wild Wings, Chili’s, Texas Roadhouse and Many More`
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
Raising Cane's | $4,245,283 | % | Absolute Triple Net | Closed |