Purchase Price | $5,980,000 |
---|---|
Annual Rental Income | $302,990 |
Cap Rate | 5.05% |
Lease Term | 20 Years |
City | Nashville MSA |
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Raising Cane’s – Single‑Tenant Net Lease Investment
Nashville MSA, TN | Fast‑Casual Drive‑Thru & Delivery | Absolute NNN Lease | Passive Income Opportunity
Overview
This opportunity features a freestanding Raising Cane’s restaurant located in the Nashville metropolitan area. The property is secured by a long-term absolute triple-net (NNN) lease, under which the tenant assumes responsibility for all site-level expenses—property taxes, insurance, maintenance, utilities, landscaping, and structural upkeep. Scheduled rent escalations at defined intervals ensure income growth aligned with inflation. With zero landlord responsibilities, this asset offers genuinely passive income and aligns perfectly with investment goals targeting net lease investment properties, single-tenant NNN assets, fast-casual drive-thru investments, and 1031 exchange-ready strategies.
Investment Highlights
Tenant Overview
Raising Cane’s is a fast-growing fast-casual concept known for its chicken fingers and simple, high-quality menu. The brand has built a strong following through a focused offering and efficient operations. This Nashville location is owned and managed by a reputable regional franchisee that prioritizes quality, service, and site-level investment. Although the lease is franchisee-backed and not corporately guaranteed, their continued investment in site maintenance, local marketing, and brand execution supports tenancy stability and performance.
Lease Summary
This structure provides clean, hands-off income with built-in growth and minimal management oversight.
Site Overview
Constructed to Raising Cane’s prototype specifications, this drive-thru restaurant includes a well-designed order lane, delivery staging area, branded exterior finishes, clear signage, and ample parking. Situated on a signalized corner within Nashville’s high-traffic retail corridor, the site benefits from excellent frontage, visibility, and ease of access. Nearby commercial anchors include grocers, QSRs, pharmacies, service providers, and medical offices, reinforcing consistent consumer demand across dayparts.
Market Overview – Nashville MSA
Nashville is a dynamic growth center supported by music, healthcare, education, tourism, and corporate headquarters. The retail market encompasses major corridors anchored by national chains, specialty grocers, mixed-use development, and lifestyle destinations. Demand for fast-casual, drive-thru-friendly formats continues to rise among busy professionals, families, and commuters—making Raising Cane’s well-positioned in this context.
Demographics and Trade Area
The surrounding catchment includes a broad mix of households, professionals, students, service workers, and local families. Growth in residential developments, job hubs, universities, and medical campuses supports stable traffic throughout breakfast, lunch, dinner, and weekend segments. Retail synergy and commuter flow reinforce site demand and frequency.
Consumer Demand Drivers
Income Profile and Upside
Scheduled rent escalations guarantee income increases without landlord capital investment. Under an absolute NNN structure, all operating expenses are tenant-paid, producing clean, sustainable net operating income for underwriting. Franchisee’s ongoing investment in branding, maintenance, and local strategy enhances site quality and tenancy longevity.
Ideal Buyer Profile
This asset is highly suitable for:
Market Positioning & Trends
Drive-thru fast-casual concepts with delivery capabilities are among the most sought-after segments in the net lease market due to strong consumer convenience trends. Raising Cane’s brand consistency, loyal customer base, and execution model align well with investment demand. The scarcity of freestanding drive-thru pads in strong Nashville corridors enhances capital value and liquidity. This listing aligns seamlessly with investor searches including net lease investment properties, single-tenant NNN retail, fast-casual NNN lease investments, Raising Cane’s NNN assets, and 1031 exchange opportunities.
Conclusion
This Raising Cane’s in the Nashville MSA offers a standout net lease investment featuring a long-term absolute NNN lease, franchisee-backed tenancy, structured rent escalations, and a prime retail site within a fast-growing regional market. With fully outsourced landlord obligations and inflation-safeguarded returns, the asset offers reliable passive income, brand strength, and long-term appreciation potential—making it an ideal component of a diversified net-lease portfolio.
Please contact us for more information.