Raising Cane's NNN — Gresham, OR

Updated November 10, 2026

$7,700,000 · 5.00% CAP · 15 YRS

Raising Cane's ground rent at 20 NW Burnside Road in Gresham is $385,000 a year. The ask is $7,700,000, a 5.00% cap. The box is about 3,330 square feet on 1.81 acres, with a 2026 open planned. The lease is absolute net and is described as a new 15-year lease, plus four five-year options. No commencement date and no expiration date are in the file, so none is printed here. The sixth year is scheduled at $415,000 and the eleventh year at $448,014. Raising Cane's Restaurants, LLC is the corporate guarantor. Any refusal right is still blank in the file. Gresham sits east of Portland. No brand photo exists in our set, so the image is a map placeholder. This is the only active listing in Oregon. Listed in our November 10, 2026 deal list.

Lease Abstract

Price

$7,700,000

Cap rate

5.00% CAP

NOI

$385,000

Base term

15 YRS

Lease type

Absolute NNN Ground Lease

Increases

Year 6 rent becomes $415,000. Year 11 rent becomes $448,014. Option rents are stepped.

Options

4 x 5-year

Guarantee

Corporate

Building

3,330 SF

Lot

1.81 AC

Year built

2026

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

3,330 SF building, built 2026, 1.81 acres of land. Ground lease priced at $4,254,144 per acre. Rent increases: Year 6 rent becomes $415,000. Year 11 rent becomes $448,014. Option rents are stepped.. Renewal options: 4 x 5-year. Corporate guarantee.

Location

Gresham, Oregon — 20 NW Burnside Road, Gresham, OR 97030. Full address and offering memorandum released on request — see our Raising Cane's tenant guide and the Oregon market page for the underwriting context.