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643-645 US-46Fairfield, NJ 07004
Raising Cane's & Starbucks
Asset ClassRetail
Year Built2026
Deal Size: $9.4 MCap Rate: 5.04%Access Data Room
BRAND NEW CONSTRUCTION | CORPORATE LEASES | ESSEX COUNTY NJ – 30 MILES TO NYC
overview of deal

Overview

Marcus & Millichap is pleased to present the exclusive offering of a brand-new, two-property net lease portfolio featuring Raising Cane's and Starbucks in Fairfield, New Jersey. Strategically positioned along heavily traveled US-46 in one of Northern New Jersey's premier retail corridors, the portfolio is 100% occupied by nationally recognized corporate tenants with long-term lease commitments and scheduled rental increases. Investors have the opportunity to acquire the assets together as a portfolio or individually, providing flexibility to meet a variety of investment objectives.

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Investment Highlights

NEW CONSTRUCTION PROTOTYPE W/ DRIVE-THRUS | 3.30-ACRE LOT

• Purpose-built, brand-new Raising Cane’s on a 1.45-acre lot and Starbucks on a 1.85-acre lot, purpose-designed for drive-thru throughput and operational efficiency

 

STRONG CORPORATE GUARANTEES | MINIMAL LANDLORD

RESPONSIBILITIES | PASSIVE INVESTMENT

• Raising Cane’s: True NNN Ground lease structure with zero landlord responsibilities

• Starbucks: NN lease structure – Landlord responsible for roof/structure

 

RAISING CANE’S | ONE OF THE FASTEST-GROWING QSR BRANDS IN THE U.S.

• Raising Cane’s operates 900+ locations nationwide and continues rapid expansion, with 100+ new units planned for 2026

 

HEALTHY RENT-TO-SALES RATIO | PROVEN UNIT ECONOMICS

• Raising Cane’s operates at an average of $6.6M in sales per location, yielding a potential healthy 4.2% rent-to-sales ratio at this site

 

PRIME RETAIL CORRIDOR | BEST-IN-CLASS LOCATION

Positioned adjacent to: (ranked by annual visitors in the state of NJ)

  • Top 10% Target
  • #1 BJ’s Wholesale
  • Top 5% Costco
  • Top 15% Starbucks
  • The Willowbrook Mall anchored by Nordstrom, Bloomingdale’s, Macy’s & JCPenney

EXCEPTIONAL HIGHWAY ACCESS & VISIBILITY | ROUTE 46

  • Direct Route 46 frontage with 58,000+ vehicles per day
  • Property sits at the interchange entrance and exit, delivering unmatched accessibility and daily traffic exposure

DENSE & AFFLUENT TRADE AREA | GROWTH MARKET

  • 232,000+ population within 5 miles and projected 4% population growth over the next 5 years
  • Average household income of $157,000 within 3 miles reflects a high spending consumer base

ATTRACTIVE INFLATION HEDGE | 10% RENTAL BUMPS EVERY 5 YEARS

  • Scheduled 10% rent escalations every 5 years throughout the base term and the renewal options

LONG-TERM INCOME STABILITY

• Raising Cane’s: 14+ Years Remaining

• Starbucks: 9+ Years Remaining

• Significant lease term remaining providing long-term

predictable income

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643-645 US-46Fairfield, NJ 07004
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