Freestanding QSR
For Sale
$4,395,000
1833 Gunbarrel Rd, Chattanooga, TN 37421
For sale Raising Cane's restaurant property with a listed 4.45% return metric.
Property Size2,913 SF
Price / SF$1,508
Days on Market158
Property Features for 1833 Gunbarrel Rd
General Information
Standard status
Active
Size
2,913 SF
Property subtype
Restaurant
Occupancy
100%
Financials
Cap Rate
4.45%
Business Included
Yes
Amenities
15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
Corporate Guaranty, 915+ Locations in 42+ States and $5.1 Billion in System-wide Sales
Significant Capital Investment by Tenant to Build New Prototype with State-of-the-Art Design and Dual Drive-Thru
Average Unit-Level Sales for Raising Canes is $6.6 Million, More Than Double the Fast-Food Average and Behind Only Chick-fil-A
Raising Canes Has Experienced 64 Quarters (16 Years) of Positive Same-Store Sales Growth
Serving Over 110,800 Residents in One of the Fastest-Growing Submarkets of Chattanooga
Building Details
Building Size
2,913 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Phil Sambazis · License #License(s): CA: 01474991
(858) 373-3174
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 31
Last Checked: Sep 7 at 4:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
Marcus & Millichap presents the Raising Cane's restaurant in Chattanooga, Tennessee. The property is offered for sale at a listed price of $4,494,000 with a stated 4.45% figure.
The address is 1833 Gunbarrel Rd, Chattanooga, TN 37421. The listed property size is 2,913 square feet, as provided in the offering information.
This is a conventional restaurant asset configured for a quick-service concept, supported by the sale offering and the provided return metric.
The address is 1833 Gunbarrel Rd, Chattanooga, TN 37421. The listed property size is 2,913 square feet, as provided in the offering information.
This is a conventional restaurant asset configured for a quick-service concept, supported by the sale offering and the provided return metric.
Key Highlights
- Raising Cane's restaurant property for sale in Chattanooga, TN
- Listed 4.45% return metric
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,525
Businesses Nearby
772k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 36%
Dining 26%
Apparel 20%
Shops & Services 12%
Target
Superstores
140,239 visits/mo
0.2 miles
Walmart
Superstores
138,717 visits/mo
0.3 miles
Chick-fil-A
Dining
57,347 visits/mo
0.3 miles
Five Below
Shops & Services
51,072 visits/mo
0.3 miles
Marshalls
Apparel
47,123 visits/mo
0.3 miles
Demographics for 37421, TN
51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale Raising Cane's restaurant property with a listed 4.45% return metric.
Where is this conventional restaurant located?
The property is located at 1833 Gunbarrel Rd Chattanooga, TN.
What is the asking price?
The asking price for this property is $4,395,000.
What are key features of this property?
This property features: Raising Cane's restaurant property for sale in Chattanooga, TN; Listed 4.45% return metric
