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Jones Lang LaSalle (“JLL”) Capital Markets, Net Lease is pleased to exclusively offer a premier net lease opportunity to acquire a single tenant Raising Cane’s located in Virginia’s Richmond MSA, the #1 state for business (CNBC, 2021). Raising Cane’s is located in Bermuda Square, a fast-evolving shopping center less than 700 yards from I-95 (124,000 VPD). Raising Cane’s is a preferred corporate tenant on a brand new 15-year ground lease and the building is currently under construction at a signalized intersection along the newly renamed Richmond Highway.
- New 15-year ground lease term with a preferred corporate tenant
- Raising Cane’s outperforms most QSR’s with $3.6M avg sales per store
- Dual drive-thru at a dedicated signalized intersection
- Interstate location less than 700 yards from I-95 (124,000 VPD)
- Raising Cane’s is the nation’s fastest-growing chicken chain
- New construction underway and rent commences in July 2022
- 74,000 residents in 5 miles in the #1 State for Business