New Construction Raising
For Sale
Contact for pricing
323 William S Canning Blvd, Fall River, MA 02721
New construction Raising Cane's ground lease with drive-thru.
Property Size2,862 SF
Lot Size1.10 Acres
Price / SF$1,572
Days on Market200
Property Features for 323 William S Canning Blvd
General Information
Standard status
Active
Size
2,862 SF
Lot size
1.10 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$225,000
Building Details
Year Built
2025
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Horvath & Tremblay
Listed By:
Bob Horvath · License #CT 756500
Source:
Crexi
Added: Jan 23
Changed: Aug 10
Last Checked: Aug 11 at 4:29PM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
The property is a new construction Raising Cane’s ground lease located at 323 William S Canning Boulevard in Fall River, Massachusetts. The new construction building consists of a 2,862 square foot building with two dedicated drive through lanes on a 1.10-acre corner parcel. Raising Cane’s has 14+ years remaining on their Absolute NNN Ground Lease with five (5), five-year renewal options. The Lease calls for attractive rent increases of 10% every five years throughout the base term and at the start of each renewal option period. The Raising Cane’s is situated at the signalized intersection of Newton Street and William S Canning Boulevard (MA Route 81), the area’s primary commercial corridor, and is 0.25 miles from the Fall River Expressway (MA Route 24). The Property features frontage and visibility and enjoys access to Interstate 195 as well as US Route 6. The Property is positioned in the center of a dense commercial area and is surrounded by national retailers and restaurants which drive traffic to the immediate area. Raising Cane’s is convenient to densely populated residential neighborhoods, area schools, St Anne’s Hospital, and Bally’s Tiverton, providing a built-in and captive customer base. Located along the eastern shore of Mount Hope Bay at the mouth of the Taunton River, Fall River sits approximately 50 miles south of Boston and 20 miles southeast of Providence, Rhode Island.
Key Highlights
- Absolute NNN Ground Lease with 14+ years remaining, providing a passive investment.
- Brand new 2025 Raising Cane's with two drive‑through lanes on a 1.10‑acre corner parcel.
- Attractive rent increases of 10% every five years.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
636k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 26%
Groceries 22%
Shops & Services 20%
Apparel 20%
Market Basket
Groceries
90,793 visits/mo
0.3 miles
Burlington
Apparel
41,973 visits/mo
0.2 miles
Stop & Shop
Groceries
38,845 visits/mo
0.2 miles
Staples
Office Supplies
36,567 visits/mo
0.2 miles
Ocean State Job Lot
Shops & Services
35,819 visits/mo
0.2 miles
Demographics for 02721, MA
28,075
Population
12,358
Households
2.3
Avg Household Size
38
Median Age
15%
College-Educated
73%
High-School Grad
4.0 sq mi
ZIP Area
7,019
Density / Sq Mi
$50,666
Median Household Income
$40,315
Median Earnings
$1,010
Median Rent
$362,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - New construction Raising Cane's ground lease with drive-thru.
Where is this drive through restaurant located?
The property is located at 323 William S Canning Blvd Fall River, MA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Absolute NNN Ground Lease with 14+ years remaining, providing a passive investment.; Brand new 2025 Raising Cane's with two drive‑through lanes on a 1.10‑acre corner parcel.; Attractive rent increases of 10% every five years.
