3980 Rivertown Parkway, Grandville, MI 49418

Building Details

Year Built

2025

Listing office Landmark Commercial Real Estate Services Show Phone

Listing date Jun 9, 2026

Source Crexi

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Overview

Landmark Investment Sales is pleased to offer a brand new, corporate-guaranteed Raising Cane’s absolute net ground lease in Grandville, Michigan. The ground lease is structured with zero landlord responsibilities, providing an absolute net arrangement for the landlord. Rent increases are scheduled at 10% every five years. The lease includes a 15-year primary term with five renewal options.

The property is positioned as a pad site to RiverTown Crossings, described as West Michigan’s largest enclosed mall, at the hard corner of Rivertown Parkway and Wilson Ave SW. The site is surrounded by national retailers including Costco, Walmart, and Target, supporting a retail draw for the local trade area. The offering notes a trade area of 140,000+ residents with average household incomes exceeding $109,000.

For investors seeking an absolute net ground lease with a corporate guarantee, this Raising Cane’s pad site provides a straightforward structure centered on defined lease term and recurring rent escalations. The property’s placement as a dedicated restaurant pad at a major enclosed mall is intended to align the site with established shopping traffic patterns serving the West Michigan market.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Grandville

County

Kent

State

Michigan

Longitude

-85.7614846

Latitude

42.8790923

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FAQs

What type of property is this?

Conventional restaurant - Newly delivered Raising Cane's ground lease with zero landlord responsibilities and scheduled rent increases.

Where is this conventional restaurant located?

The property is located at 3980 Rivertown Parkway Grandville, MI.

What is the asking price?

The asking price for this property is $3,764,705.

What are key features of this property?

This property features: Brand new Raising Cane's absolute net ground lease (corporate‑guaranteed); Zero landlord responsibilities; 15‑year primary term with five renewal options