LISTING DETAILS

Raising Cane's Ground Lease - Lynnwood

1232 164th St SW Lynnwood WA 98087

Listing #: 708923 | Status: Available | Last Modified: 4/30/2026

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Retail Asset Class Info
Crane Tonnage0
Building Information
Building StatusUnder Construction
# of Buildings0
# of Floors1
Total Building SF2,841 SF
Net Rentable Area2,841 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF35,719 SF
Acres0.82
Year Built2026
Property Type
Property TypeRetail
Building ClassA
Location
CountySnohomish
Market AreaLynnwood
Tax ID #00373700600603
ZoningUC
Parking Information
#Covered Spaces0
# Uncovered Spaces30
Total Parking Spots30
Parking Ratio10.56

Raising Cane's Ground Lease - Lynnwood

Public Comments

• Only Raising Cane's listed for sale in Washington (as of August 2025); 900+ locations nationwide • 15-year absolute NNN corporate ground lease, 10% rental bumps every 5 years, four 5-year options at 10% increases • Q2 2026 delivery — brand-new construction with dual-lane drive-thru and 10.5 spaces per 1,000 SF • Lighted hard corner on 164th St SW (50,000+ VPD), 1,000 feet from the I-5 interchange (180,000+ VPD) • Adjacent to a Walmart with 2.3M annual visits; co-tenancy includes Fred Meyer, Starbucks, Panda Express, Five Guys • 380,000+ residents within 5 miles; $149,000 average household income • 2,000+ multifamily units delivered within 2 miles since 2021, plus a 20-unit townhome project approved on the adjacent parcel • Raising Cane's posts the 2nd-highest AUV of any QSR brand in the

Raising Cane's Ground Lease - Lynnwood
1232 164th St SW Lynnwood WA 98087

Listing #: 708923 | Status: Available | Listing Date: 2/20/2026 | Last Modified: 4/30/2026 | Email Listing

For Sale

Raising Cane's Ground Lease - Lynnwood

Listing Images