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2006 Southern Blvd SE
Rio Rancho, NM 87124

$3,266,667 USD

Fast Food For Sale  •  3,181 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,181 SF
  • Lot Size 1.3 AC
  • Building Class B
  • Year Built 2024
  • Cap Rate 4.50 %
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
80 Walk Score

Highlights

New 2024 construction, corporate guarantee, Absolute Triple Net (NNN) Ground Lease with 14+ years remaining.
Raising Cane’s is one of the fastest-growing QSR chains in the U.S., with over 900 locations nationwide and plans to open 100 new stores coming soon.
Raising Cane’s recently reported $5.1B in revenue (2024) and $6.56M in average unit sales volume (2024).
Long-term absolute triple net (NNN) ground lease (zero landlord responsibility), 10% rental increases every 5 years, and options to extend through the
Ideally positioned on the corner of a signalized intersection in a “main and main” retail corridor, seeing 60,000+ vehicles per day.
Oversized lot (1.30 AC) with excellent visibility, multiple points of access, and a double-lane drive-thru.
Cap Rate: 4.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Raising Cane’s Chicken Fingers 3,181 SF 12/31/2039

Amenities

  • Corner Lot
  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Los Ranchos-Journal Center (Rail Runner Express - New Mexico Rail Runner Express) 18 min - 9.2 mi
Sandia Pueblo (Rail Runner Express - New Mexico Rail Runner Express) 18 min - 9.4 mi
AirportDriveWalkDistance
Albuquerque International Sunport 49 min - 23.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 45
Type: Surface
Included in Rent: Yes
John Mansour 512-543-4828 Sands Investment Group Austin, LLC
John Mansour 512-543-4828 Sands Investment Group Austin, LLC