Raising Cane’s | Ground Lease Deer Park, TX

8055 Spencer Highway
Deer Park, TX

Price: $3,482,500
Cap Rate: 4.25%
NOI: $148,000
Building Size: Approx. 3,280 Sq. Ft.
Lot Size: Approx. 1.206 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built / Renovated: 2016 / 2022

Investment Overview

  • 2022 Construction. 3,280+/- SF Building on 1.206+/- Acre Site
  • New 15 Yr Corporate Ground Lease w/ Zero Landlord Responsibility & (5) 5 Yr Renewal Options
  • Subject property Features a Triple Lane Drive-Thru to Increase Operational Throughput
  • High-Traffic Location off of Spencer Highway (31K VPD), Adjacent to San Jacinto College (23K Students)
  • Subject Property is Located Near H-E-B, Walmart Supercenter, Dollar General, Kroger, Starbucks, etc.
  • Strong Income Demo’s w/ an est. $96,858 Within a 3 Mile Radius of the Site
  • Raising Cane’s is One of the Fastest Growing QSR Chains in the U.S.
  • Deer Park  |  Located in the Houston MSA  |  Population: 34,000+