Raising Canes

Lowest
Cap Rate

4.50%

Lowest cap rate over past 24 months

Average
Cap Rate

5.15%

12 mo avg with 5+ yr lease term

Overview

Raising Cane’s locations are typically 3,000 to 3,500 square feet, situated on 0.75 to 1.25-acre parcels, and feature modern prototypes with double drive-thru lanes, covered patios, and ample stacking room. Leases are commonly structured as 15- to 20-year absolute NNN, with 10% rent escalations every 5 years, and are usually corporately guaranteed. The company targets hard-corner sites and high-traffic corridors near retail centers, schools, and college campuses.

Average Property & Lease

Average Sale Price	$3,500,000 – $4,800,000
Average NOI	$180,000 – $250,000
Building SF	3,000
Lease Term	15 Years
Escalations	10% Every 5 Years
Stock Symbol	N/A

CREDIT RATING

S&P	N/A
Moody's	N/A

TENANT DESCRIPTION

Raising Cane’s was founded in 1996 in Baton Rouge, Louisiana, by Todd Graves with a simple mission: serve high-quality chicken finger meals with exceptional service. The brand’s hyper-focused menu, fast service, and distinct culture have fueled rapid growth throughout the U.S. and internationally. Raising Cane’s remains privately held and is one of the fastest-growing restaurant chains in the country, regularly ranking among the top performers in the QSR chicken segment.

Founded	1996
Headquarters	Baton Rouge, LA, U.S.
Number of Locations	750
Revenue	$2.5 B
Company Website	https://www.raisingcanes.com
Key Principal	Todd Graves

Raising Canes

Lowest Cap Rate

4.50%

Average Cap Rate

5.15%

Overview

Average Property & Lease

CREDIT RATING

S&P

N/A

Moody's

N/A

TENANT DESCRIPTION

PROS

CONS

COMPANY QUICK STATS

Lowest
Cap Rate

Average
Cap Rate