STREAM Capital Partners > Properties > All Properties > Raising Canes

Raising Canes

Net Lease

823 Jefferson Road, Rochester, New York
Ownership Type:
Fee Simple
Price:
$5,000,000
Cap Rate:
5.00%
Current Rent:
$250,000
Tenancy:
Single Tenant
Lease Type:
Ground Lease
Lease Expiration Date:
Approx. 15 years
Renewal Options:
6, 5 Year Options
Building Sq. Ft.:
3,475 SF
Rent Increases:
10% Every 5 Years
Site Size:
±1.23 Acres

Investment Highlights

  • First Raising Cane’s in Upstate New York: This location represents a significant market-entry opportunity as the first Raising Cane’s in Upstate New York, with the nearest existing location approximately 195 miles away in Albany, creating a highly differentiated and geographically strategic investment.
  • Corporate-Guaranteed Absolute NNN Ground Lease: Backed by Raising Cane’s corporate guarantee, the 15-year Absolute NNN ground lease provides investors with a highly passive ownership structure and minimal landlord responsibilities, while benefiting from a nationally recognized, high-growth restaurant operator.
  • Strong Local Demographics: The property is positioned within a highly populated and affluent trade area, with approximately 168,532 residents and $95,750 average household income within five miles.
  • 45-Year Potential Lease Term: The initial 15-year lease is complemented by six (6) five-year renewal options, providing the potential for up to 45 years of total occupancy and exceptional long-term income visibility.
  • Contractual 10% Rent Growth: The lease features 10% rent increases every five years, providing predictable NOI growth and a built-in hedge against inflation while enhancing long-term investment returns.
  • Nationally Recognized, High-Growth Tenant: Raising Cane’s is one of the nation’s fastest-growing QSR brands, providing investors with exposure to a highly sought-after, creditworthy restaurant tenant with a proven operating model and significant national expansion strategy.
Ownership Type:
Fee Simple
Price:
$5,000,000
Cap Rate:
5.00%
Current Rent:
$250,000
Lease Type:
Ground Lease
Lease Expiration Date:
Approx. 15 years
Renewal Options:
6, 5 Year Options
Building Sq. Ft.:
3,475 SF
Rent Increases:
10% Every 5 Years
Site Size:
±1.23 Acres

Listing Agents

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Adam English

Managing Director
256.694.9803[email protected]

Adam Baxter

Vice President
205 394 3520[email protected]

Local Market Professional: Jaymes Keenan, CBRE – Upstate NY, [email protected], Lic: 10401234545

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