Raising Cane’s | Ground Lease Carrollton, TX

2672 Old Denton Road
Carrollton, TX

Price: $3,059,000
Cap Rate: 4.25%
NOI: $130,000
Building Size: Approx. 3,198 Sq. Ft.
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2022

Investment Overview

  • 2022 Construction. 3,198+/- SF Building on 1.053+/- Acre Site
  • New 15 Yr Corporate Ground Lease w/ Zero Landlord Responsibility & (5) 5 Yr Renewal Options
  • High-Traffic Location Just off of President George Bush Turnpike (125K VPD) on Old Denton Rd (24K VPD)
  • Subject Property is Located in a Shopping Center Anchored by a Walmart Supercenter & Lowe’s
  • Strong Income Demo’s w/ an est. $110,512 Within a 1 Mile Radius of the Site
  • Raising Cane’s is One of the Fastest Growing QSR Chains in the U.S.
  • Carrollton  |  Part of the DFW Metroplex  |  Population: 137,000+