Raising Cane's Real Estate Opportunities & Market Research
Raising Cane's
Lowest Cap Rate
3.90%
Lowest Cap Rate over past 24 months
Average Cap Rate
4.93%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
4.65%
Average Cap Rate over previous quarter
Overview
Raising Cane’s Chicken Fingers is a privately held quick-service restaurant known for their chicken tenders. Raising Cane’s has over 500 locations in 28 states, mostly in the Southern parts of the United States. In 2019, the company had the 3rd highest average sales per unit at $3 million per unit. The chain has been growing rapidly and has been able to continue this growth even through the COVID-19 Pandemic. The average lease term is 15-20 years, with varying rental escalations. The average building size is anywhere from 2,500-3,500 square feet on a 1-acre lot.
Property & Lease
Sales Price Range$3,250,000 - $5,500,000
NOI Range$165,000 - $275,000
Building SF2,500 - 3,500
Lease Term15 - 20 Years
EscalationsVaries
Stock SymbolCAPITALCOM:US500
Credit Rating
S&PBB-
Moody'sB1
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
N/A
4.46
4.77
4.60
3.95
4.28
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
Recent Sales Comps
Tucson, AZ5.00%
Carson, CA4.50%
Pearland, TX4.95%
Top Consumer Traffic
Vacaville, CA1,700,000
Northridge, CA1,600,000
Chula Vista, CA1,600,000
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
