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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

100 State Road 7 Royal Palm Beach, FL 33411

3,267 SF 1.3 ac lot Built 2022
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple interest ground lease to Raising Cane's, a rapidly expanding fast-food chain, located at 100 N State Rd 7, Royal Palm Beach, FL 33411. The property, built and renovated in 2022, boasts a 3,267 square foot building situated on a 1.3-acre lot. Currently operating under a 15-year NNN lease (with 13.1 years remaining) commencing August 21, 2022, and expiring August 20, 2037, this single-tenant property offers exceptional stability and predictable cash flow. The lease includes a corporate guarantee and 10% rent bumps every five years, ensuring consistent growth. The property generates a strong Net Operating Income (NOI) of $250,000, resulting in a compelling 3.75% cap rate. This high-performing Raising Cane's location ranks within the top 20% nationally and 8th in Florida, experiencing over 235,000 customer visits annually. The site benefits from a dense population (over 193,000 people within a 5-mile radius) and high traffic counts exceeding 115,000 cars daily. This is a rare opportunity to acquire a premier, high-performing QSR investment with a long-term lease and significant upside potential. The asking price is $6,700,000. Five lease options are included.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2022
Total area 3,267 SF
Lot 1.3 ac (56,628 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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