2806 Joseph Cannon Way, Marion, IL, 62959
Property Details
-
Price:
$2,600,000
-
Property Type:
Retail
-
Availability:
Available
-
Transaction Type:
For Sale
-
Cap Rate:
5%
-
Lot Size:
1.22 AC
-
Sale Type:
Retail
-
Lease Type:
Ground Lease & NNN
-
Year Built:
2024
-
Tenancy:
Single Tenant
-
Available SF:
2,856 SF
Property Description
Investment Highlights
- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years – Zero landlord responsibilities
- Corporate Lease with Raising Cane’s Restaurants – 900+ locations and over $5.487 billion in sales in 2025
- $6.58 Million Average Unit Volume in 2025 – 1.97% implied rent to sales ratio indicating secure long-term tenancy
- Brand New 2024 Construction with Dual Drive-Thru – Significant capital investment by tenant to construct improvements
- Raising Cane’s Has Experienced 64 Quarters of Sale Store Sales Growth – Chick-fil-A is the only QSR with higher unit volumes
- The Company’s Stated Goals Aim for 1,600 Restaurants and $10 Billion in Sales – With $8 million average unit volumes
Financial Summary
Investment Highlights
| Price |
$0.00 |
| Price / Unit |
$0.00 |
| Gross Rent Multiplier |
0.00 |
| Proposed Loan Amount |
$0.00 |
| Initial Investment |
$0.00 |
Income & Expenses
Expense
|
Potential
|
Current
|
Total Expenses
|
$ 0.00
|
$ 0.00
|
| Net Operating Income |
$0.00 |
$0.00 |
| Less Debt Service |
$0 |
$0 |
| Potential Net Cash Flow |
$0.00 |
$0.00 |
| Cash on Cash Return |
0.00 % |
0.00 % |
| Capitalization Rate |
0.00 % |
0.00 % |
Rent Roll
Unit
|
BR/BA
|
Current Monthly Rent
|
Potential Monthly Rent
|
Status
|
Lease Expires
|
Totals
|
$ 0.00
|
$ 0.00
|
