Raising Cane's 311 S Veterans Pky Local commercial 262 m² À vendre Normal, IL 61761 2 806 072 € (10 718,35 €/m²) Taux de capitalisation 4,50 %

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased Raising Cane’s property located in Normal, Illinois. The property was constructed in 2025 and features a 15-year lease commencing in June. The lease is a triple net ground lease with no landlord responsibilities. There will be 10% rental escalations every five years throughout the primary term and five 5-year renewal options.
The 2,818 square-foot building is strategically positioned near Illinois State University, home to over 21,500 students, with its proximity being crucial for capturing the student demographic and driving consistent traffic. Notably, this location marks the nearest Raising Cane’s within a 50-mile radius, enhancing its appeal as a unique dining option in the region. The property benefits from a high-traffic location at a sig-nalized intersection along Veterans Parkway (43,500 VPD) and serves as an outparcel to a top-tier shopping center (The Shoppes at College Hills) anchored by Target, Von Maur, and Hobby Lobby, ensuring strong retail synergy. The Shoppes at College Hills sees approximately 4.7 million visitors annually and is the #1 shopping center within a 30-mile radius, with the Target store alone attracting 1.7 million visitors each year. Additionally, it is just 10 minutes from State Farm’s headquarters, which employs 16,000 people, further boosting daytime traffic. The surrounding area features robust demographics, with over 127,000 residents within five miles and an average household income of $100,532 within three miles. Neighboring national retailers, including Hy-Vee, Jewel, Meijer, Kroger, Walmart Supercenter, and ALDI, contribute to the site’s long-term viability and sustained traffic.
Raising Cane’s Chicken Fingers is a privately held fast-food chain founded in Baton Rouge, Louisiana in 1996. Raising Cane’s has grown into a successful franchise with over 800 locations across the United States and other countries such as Bahrain, Kuwait, Lebanon, Saudi Arabia, and the UAE. Known for its high-quality chicken fingers and simple menu, the restaurant’s emphasis is on quality, customer loyalty, and community involvement. The company selectively offers franchising opportunities to individuals who meet specific criteria, ensuring well-managed locations that maintain the brand’s reputation.