Absolute NNN Restaurant Ground Lease

593 Broadway, Lemon Grove, CA 91945

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For Sale

$7,590,000

Absolute NNN leased-fee ground lease with 15 years remaining and scheduled 10% rent increases every five years.

Type:Retail

HighLights

New 2026 construction with a 15‑year ground lease and scheduled rent increases.
Absolute NNN leased‑fee ground lease: tenant pays CAM, taxes, insurance, and maintains the premises.
Raising Cane’s corporate signed lease with 10% rent increases every 5 years during the initial term and option periods.
15 years remaining with extension options: three 5‑year options and one 4‑year option.
Tenant: Raising Cane’s, founded in 1994 and expanded to approximately 950 locations in 45 states.
Raising Cane’s ranked #16 on QSR Magazine’s 2025 top 50 restaurants list and #3 in the chicken category.

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Chuck Klein

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For Sale

$7,590,000

Absolute NNN leased-fee ground lease with 15 years remaining and scheduled 10% rent increases every five years.

Type:Retail

Added:: Jun 22, 2026
Days on Market:: 5
Last Refresh:: Jun 24 at 3:49 am

Property Features for 593 Broadway

General Information

Standard status: Active
Property subtype: Retail

Building Details

Year Built: 2026

Properties For Sale

at 593 Broadway Contact us

We can help!

Contact an agent

Chuck Klein

Listing office SRS Real Estate Partners | San Diego

Listing date Jun 22, 2026

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All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | San Diego

HighLights

New 2026 construction with a 15‑year ground lease and scheduled rent increases.
Absolute NNN leased‑fee ground lease: tenant pays CAM, taxes, insurance, and maintains the premises.
Raising Cane’s corporate signed lease with 10% rent increases every 5 years during the initial term and option periods.
15 years remaining with extension options: three 5‑year options and one 4‑year option.
Tenant: Raising Cane’s, founded in 1994 and expanded to approximately 950 locations in 45 states.
Raising Cane’s ranked #16 on QSR Magazine’s 2025 top 50 restaurants list and #3 in the chicken category.

Overview

This is a new construction restaurant ground lease presented on an absolute NNN basis, with leased-fee ownership. The property is scheduled for 2026 completion, and the lease structure shifts operating expenses to the tenant. Under the absolute NNN terms, the tenant pays CAM, taxes, and insurance, and is responsible for maintaining all aspects of the premises, with zero landlord responsibilities.

Raising Cane’s has executed a corporate signed lease. The initial term has 15 years remaining, supported by three five-year option periods and one four-year option period to extend. The lease also includes scheduled rent increases of 10% every five years throughout the initial term and option periods.

For buyers or investors seeking a tenant-paid, low-touch structure, the absolute NNN, leased-fee arrangement provides a straightforward framework with defined tenant obligations. With a nationally recognized restaurant operator under a long-term corporate lease, the asset’s commercial value centers on the stability of the existing lease commitments and the pre-set rent escalation schedule.

Location Intelligence

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Conventional restaurants

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Local Demand

City: Lemon Grove
County: San Diego
State: California
Longitude: -117.047778
Latitude: 32.741821

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For sale
NNN properties
CA
Lemon Grove
91945
593 Broadway

What type of property is this?

NNN property - Absolute NNN leased-fee ground lease with 15 years remaining and scheduled 10% rent increases every five years.

Where is this nnn property located?

The property is located at 593 Broadway Lemon Grove, CA.

What is the asking price?

The asking price for this property is $7,590,000.

What are key features of this property?

This property features: New 2026 construction with a 15‑year ground lease and scheduled rent increases.; Absolute NNN leased‑fee ground lease: tenant pays CAM, taxes, insurance, and maintains the premises.; Raising Cane’s corporate signed lease with 10% rent increases every 5 years during the initial term and option periods.