Drive-Through Restaurant NNN
For Sale
Contact for pricing
Pending
2304 S 31st Street, Temple, TX 76504
Absolute NNN drive-through restaurant on a signalized corner with a recently executed long-term corporate-guaranteed lease.
Property SizeContact for details
Days on Market151
Property Features for 2304 S 31st Street
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Traffic Count
33,850 vehicles/day
Building Details
Year Built
2016
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Apr 10
Changed: Aug 22
Last Checked: Sep 7 at 12:36AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This is a drive-through restaurant property leased on an absolute NNN basis with zero landlord responsibilities. The site features a recently signed, brand new 15-year lease with five additional five-year option periods. The lease includes rental increases of 5% every five years during the initial term and 10% increases during the option terms, and it is corporate guaranteed by Raising Cane’s Restaurant, LLC.
The property is situated on a signalized hard corner intersection of S. 31st Street and Scott Boulevard, providing designated access and strong visibility. A drive-thru lane supports customer convenience. The building is described as newly constructed in 2016.
The offering is for the fee simple interest. The tenant is Raising Cane’s Restaurants, LLC, and the property is located across from Baylor Scott & White Health.
The property is situated on a signalized hard corner intersection of S. 31st Street and Scott Boulevard, providing designated access and strong visibility. A drive-thru lane supports customer convenience. The building is described as newly constructed in 2016.
The offering is for the fee simple interest. The tenant is Raising Cane’s Restaurants, LLC, and the property is located across from Baylor Scott & White Health.
Key Highlights
- Absolute NNN leased Raising Cane’s property with fee simple ownership and zero landlord responsibilities
- Recently executed brand new 15‑year lease with 5 (5‑year) option periods for Raising Cane’s Restaurants, LLC
- Lease includes 5% rent increases every 5 years in the initial term and 10% increases during the option terms
Property Analytics
Property Profile
Current Use
Lease Details
33,850 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,521
Businesses Nearby
Explore this area
Business Placement
Demographics for 76504, TX
24,682
Population
11,068
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
30.8 sq mi
ZIP Area
801
Density / Sq Mi
$50,420
Median Household Income
$35,753
Median Earnings
$1,106
Median Rent
$162,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Absolute NNN drive-through restaurant on a signalized corner with a recently executed long-term corporate-guaranteed lease.
Where is this drive through restaurant located?
The property is located at 2304 S 31st Street Temple, TX.
What are key features of this property?
This property features: Absolute NNN leased Raising Cane’s property with fee simple ownership and zero landlord responsibilities; Recently executed brand new 15‑year lease with 5 (5‑year) option periods for Raising Cane’s Restaurants, LLC; Lease includes 5% rent increases every 5 years in the initial term and 10% increases during the option terms
