Raising cane’s

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new absolute NNN Restaurant in Strong retail marketswc HWY 281 and 13th Street, Grand Island, NE

Kirk Hanson, Access Commercial, LLCkirk@accesscommercial.com | (402) 616-2580

BRAND NEW FREESTANDING, ABSOLUTE NNN RAISING CANE’S LOCATED AT TOP RETAIL INTERSECTION IN STRONG NEBRASKA MARKET

ExcEllENt rEtaIl locatIoN (allEN drIvE aNd 13tH StrEEt)Located at the intersection of Hwy 281 and W. 13th Street in Grand Island, Nebraska, equidistant between Omaha and North Platte. Highway 281 is the main north-south commercial road in the town. Traffic counts at the intersection exceed 30,000 VPD.

Raising Cane’s is directly across from the Conestoga Mall, the most established retail venue in Grand Island, which opened in 1974. Current anchors are Sear’s, JC Penney, Dillard’s, Younker’s and Best Buy.

Raising Cane’s is on a pad diagonally across from The Home Depot and a plethora of national restaurant/retail tenants including Verizon, Panera Bread, Olive Garden, Panda Express, Buffalo Wild Wings, Ruby Tuesday, Gordman’s and Walgreens.

ProPErtY HIGHlIGHtSThe property features ingress and egress from Allen Drive and W. 13th Street, has two high-impact monument signs, in addition to its standard high-identity trade dress and building signage.

lEaSE HIGHlIGHtSThe lease features a 20-year primary term with rental escalations and is absolute NNN = no landlord responsibilities.

tENaNt HIGHlIGHtSTenant currently operates 4 stores in Lincoln and Grand Island all of which perform well-above average national unit average for the chain. The main operating principal is a 13-year veteran of the Raising Cane’s system, having worked at the corporate headquarters in Baton Rouge for four years prior to becoming a franchisee. Financials at entity and store level are available upon execution of a NDA.

* Note - This site sits at the entry point of the new development across from Conestoga Mall

property Summary

rENtablE SF . . . . . . . . . . . . . . . 3,650 SF

laNd arEa . . . . . . . . . . . . . . . 1.10 Acres

YEar bUIlt . . . . . . . . . . . . . . . 2015

PRICE: $3,040,000CAP: 6.25%

cUrrENt rENt . . . . . . . . . . . . $52.005/SF

lEaSE ExPIratIoN . . . . . . . . . 11/1/35

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raISING caNE’S IS locatEd at tHE INtErSEctIoN oF HWY 281 & W . 13tH St ., WItH traFFIc coUNt IN ExcESS oF 30,000 vPd

zoomed-in aerial

N W

ebb road

N cluster avenue

W Faidley avenue

W Faidley avenue

W State Street W State Street

W 13th StreetW 13th Street

2

281

Grand Island Senior

High School

Walnut Middle School

central catholic Middle and High

Schools

®

coNEStoGa Mall

22,040 DA

ILY

8,420 DAILY

omaha • 148 mI

80

LIncoLn AIRPoRT • 96.3 mI

80

denver • 405 mI

7680

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ExcELLEnT IngREss/EgREss AnD

hIghLY vIsIbLE sIgnAgE

photos

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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the ac-curacy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

income & expense

PRICE $3,040,000

Price Per Square Foot: $833

Capitalization Rate: 6.25%

Total Rentable Area (SF): 3,650

Lot Size (Acres): 1.10

STABILIZED INCOME Per Square Foot

Scheduled Rent $52.05 $190,000

LESS Per Square Foot

Taxes NNN $0.00

Insurance NNN $0.00

Structural Reserves NNN $0.00

EQUALS NET OPERATING INCOME $190,000

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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

rent roll

tENaNt INFo lEaSE tErMS rENt SUMMarY

Tenant Name Sq. Ft. Term Current Rent

Monthly Rent

Yearly Rent

Monthly Rent/FT

Yearly Rent/FT

Raising Cane’s 3,650 10/31/15 11/1/20 $190,000 $15,833 $190,000 $4.34 $52

10/31/20 11/1/25 $16,250 $195,000 $4.45 $53

10/31/25 11/1/30 $16,708 $200,500 $4.58 $55

10/31/30 11/1/35 $17,213 $206,550 $4.72 $57

Option 1 10/31/35 11/1/40 $17,767 $213,205 $4.87 $58

Option 2 10/31/40 11/1/45 $18,377 $220,525 $5.03 $60

Option 3 10/31/45 11/1/50 $19,048 $228,578 $5.22 $63

Option 4 10/31/50 11/1/55 $19,786 $237,436 $5.42 $65

Option 5 10/31/55 11/1/60 $20,598 $247,179 $5.64 $68

Totals: 3,650 $190,000 $15,833 $190,000 $15,833 $52

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SItE PlaN KEY

PARCEL OuTLINE:

LAND AREA: 1.10 AC

BuILDING AREA: 3,650 SF

INGRESS/EGRESS:

22,040 daIlY

site plan

aMErIcaN lEGIoN MEMorIal HIGHWaY281

W 1

3tH

StrE

Et

N WEbb road

ALLEN DRIVE

ALLEN DRIVE

DIERS AVENUE

DIERS AVENUE

conEsTogA MALL

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aboUt raISING caNE’SRaising Cane’s Chicken Fingers is a fast-food restaurant chain founded in Baton Rouge, Louisiana in 1996 by Todd Graves. With over 250 locations in the u.S., the restaurant offers chicken fingers as its only main course. It is headquartered in Louisiana and has a second support office in Plano, Texas. They pride themselves on providing exceptionally high quality product served quickly and conveniently, thus their specialized menu. Their business model allows them to maintain a level of quality unmatched in the industry.

Raising Cane’s vision is “to grow restaurants all over the world and be the brand for quality chicken finger meals, a great crew, cool culture, and active community involvement.”

WWW .raISINGcaNES .coM

tenant overview

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total locatIoNS 170 +

2012 GroSS rEvENUE$250 MIllIoN

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GraNd ISlaNd, NE ovErvIEW

Grand Island is a city in and the county seat of Hall County, Nebraska. The population was 48,520 at the 2010 census. Grand Island is the principal city of the Grand Island Metropolitan area which consists of Hall, Merrick, Howard, and Hamilton counties. The Grand Island MSA has an official population of 83,472 residents.

Interstate 80 is located four miles south of the city. uS Highway 281 is the main north-south route in the city, running through the city’s west edge south to Hastings, Nebraska, and north to O’Neil, Nebraska. Central Nebraska Regional Airport is located in Grand Island.

The city has been given the All-American City three times in 1955, 1967, and 1981-82 by the National Civic League. It is home to the Nebraska Law Enforcement Training Center which is the sole agency responsible for training law enforcement officers throughout the state, as well as the home of the Southern Power District serving southern Nebraska.

PoPuLATIon

2015 household Incomes

GRAND ISLAND

ToP EMPLoYERsJbs uSA

Chief Industries, INC

CHI Health St. Francis

Case New Holland Industrial

1-Mile 3-Mile 5-Mile

2010 5,439 43,161 50,8712015 5,981 44,809 53,0302020 6,298 46,621 55,342

1-Mile 3-Mile 5-Mile

Average $60,817 $56,567 $58,144Median $49,022 $45,014 $46,483

2 HR 12 MIN145 Miles

22,040 DA

ILY

OMAHA

8,420 DAILY

NORTH PLATTE

DENVER

2 HR 10 MIN146 Miles

5 HR 41 MIN406 Miles

location & demograPHICS

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A unique HUMANRESULTS-DRIVEN client experience

tHE caPItal PacIFIc ExPErIENcE - oUr daIlY coMMItMENt to oUr clIENtS

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Kirk Hanson, Access Commercial, LLCkirk@accesscommercial.com | (402) 616-2580