Raising Cane’s | Ground Lease South Southeast Loop 323 & Texas 31, TX

South Southeast Loop 323 & Texas 31, TX

Price: $2,873,563
Cap Rate: 4.35%
NOI: $125,000
Building Size: Approx. 3,181 Sq. Ft.
Lot Size: Approx. 1.37 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2022

Investment Overview

  • 2022 Construction. 3,181+/- SF Building on 1.37+/- Acre Site
  • New 15 Yr Corporate Ground Lease w/ Zero Landlord Responsibility & (5) 5 Yr Renewal Options
  • High-Traffic Location at the Intersection of SE Loop 323 & FM 31 (51K Combined VPD)
  • Subject Property is Directly Across the Street from the Walmart Supercenter and Next to Starbucks
  • Brand New Construction Site Featuring a Dual-Lane Drive-Thru to Increase Operational Throughput
  • Raising Cane’s is One of the Fastest Growing QSR Chains in the U.S.
  • Tyler  |  Exactly Halfway Between Dallas, TX & Shreveport, LA  |  Population: 103,000+