RAISING CANE'S | $6,275,789 | 4.75% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Raising Cane’s a single-tenant property located at 1402 South Walton Boulevard, Bentonville, Arkansas 72712.
The subject property is comprised of 3,030 square feet, built-in 2018. The building sits on a large 1.05-acre lot situated at the intersection of SW 14th Street & S Walton Blvd which oversees 49,465 vehicles per day. Raising Cane’s has 11 years remaining on the corporate absolute-net lease with a 4.23% rental increase occurring in 2023 which will increase yield to 4.69%. Subject Property is located near the Walmart World Headquarters which has over 18,600 Employees.
Founded by Todd Graves in 1996, Raising Cane’s Chicken Fingers has more than 600 restaurants in 31 states, Bahrain, Kuwait, Saudi Arabia and the United Arab Emirates with multiple new restaurants under construction. The company has one love, quality chicken finger meals, and is continually recognized for its unique business model and customer satisfaction. Raising Cane’s vision is to grow Restaurants, serve their customers all over the world, and be brand for quality chicken finger meals. The company has found success through its quality staff, cool culture, and active community involvement.