Raising Cane's
Kirkwood, MO
Key Details
| Price: | $4,690,000 |
|---|---|
| Cap Rate: | 5.25% |
| Annual Rent: | $246,220 |
| Address: | 1034 South Kirkwood Road, Kirkwood, Missouri 63122 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 10/15/2015 |
| Lease Expiration: | 10/31/2030 |
| Lease Term Remaining: | 5.9 Years |
| Rental Increases: | Every 5 Years |
| Lot Size: | 0.77 Acres |
| Building Size: | 2,724 SF |
| Year Built: | 2015 |
NNN Pro is pleased to present the exclusive listing for a Raising Cane's located at 1034 South Kirkwood Road, Kirkwood, Missouri 63122. The site consists of roughly 2724 rentable square feet of building space on an estimated 0.77-acre parcel of land. This Raising Cane's is subject to a 15-year Triple Net (NNN) lease, which commenced 10/15/2015. The current annual rent is $246,220 and has scheduled increases of Every 5 Years.
About the Investment
- Strong Demographics The property at 1034 S Kirkwood Road benefits from strong demographics, with a population of 69,728 within a three-mile radius and an average household income of $140,000 in the same area. These figures indicate a high-income, well-established consumer base that is likely to support businesses like Raising Cane’s.
- Main Retail Corridor The property is located within a vibrant main retail corridor, surrounded by a variety of well-established national retailers and dining establishments. High-traffic anchors such as Target, TJ Maxx, Lowe’s, Walmart, and HomeGoods draw consistent foot traffic to the area, while popular dining options like Chili’s, Chipotle, Sonic, and Buffalo Wild Wings further enhance the location's appeal.
- Drive-thru Location The property features a drive-thru location, offering added convenience for customers and enhancing its appeal as a fast-casual dining destination. Raising Cane's, known for its efficient drive-thru service, benefits greatly from this feature, attracting customers seeking quick, high-quality meals on the go
Key Details
| Price: | $4,690,000 |
|---|---|
| Cap Rate: | 5.25% |
| Annual Rent: | $246,220 |
| Address: | 1034 South Kirkwood Road, Kirkwood, Missouri 63122 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 10/15/2015 |
| Lease Expiration: | 10/31/2030 |
| Lease Term Remaining: | 5.9 Years |
| Rental Increases: | Every 5 Years |
| Lot Size: | 0.77 Acres |
| Building Size: | 2,724 SF |
| Year Built: | 2015 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Armond Aivazyan
aaivazyan@nnnpro.com
License: CA: 01954384 | NY: 10401387457 | NV: S.0201843
Broker of Record
Brian Brockman
Bang Realty-Missouri, Inc
License: 2017032771
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.