Corporate-Guaranteed Restaurant Ground
For Sale
Contact for pricing
3980 Rivertown Parkway, Grandville, MI 49418
Newly delivered Raising Cane's ground lease with zero landlord responsibilities and scheduled rent increases.
Property Size4,000 SF
Price / SF$941.18
Days on Market63
Property Features for 3980 Rivertown Parkway
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail
Zoning
C-4 Commercial Shopping Center District
Occupancy
100%
Lease Type
Absolute Net
Building Details
Year Built
2025
Tenancy
Single
Listing Agency:
Landmark Commercial Real Estate Services
(248) 488-2620
Listed By:
Max Lippitt · License #MI 6501395927
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Aug 9 at 1:37PM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- Brand new Raising Cane's absolute net ground lease (corporate‑guaranteed)
- Zero landlord responsibilities
- 15‑year primary term with five renewal options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49418, MI
30,520
Population
12,801
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
96%
High-School Grad
19.0 sq mi
ZIP Area
1,606
Density / Sq Mi
$83,485
Median Household Income
$48,260
Median Earnings
$1,218
Median Rent
$296,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
