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Raising Cane's

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.
Lowest Cap Rate

3.00%

Average Cap Rate

4.45%

Property & Lease

Average Sale Price

$3,250,000 – $5,500,000

Average NOI

$165,000 – $275,000

Building SF

2,500 – 3,500

Lease Term

15 – 20 Years

Escalations

Varies

Stock Symbol

CAPITALCOM:US500
Credit Rating

S&P

N/A

Moody’s

N/A

Tenants

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