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Tenant Profiles

Raising Cane’s

B+E > B+E INSIGHTS > Tenant Profiles > Raising Cane’s
02/29/2024 By B+E

Raising Cane’s

 raisingcanes.com

10
Number on Market

$4.6M
Average Price

12.7
Average Remaining Term (Years)

4.44%
Average Cap Rate

Raising Cane’s Tenant Overview

Raising Cane’s is a popular fast food restaurant chain that has gained widespread recognition for its focus on serving high-quality chicken meals. Established in 1996 in Baton Rouge, Louisiana, the company has grown into a beloved brand with a strong presence across the United States and around the world. The restaurant’s signature dish is its delicious chicken fingers, known as “One Love.” Prepared with a unique blend of premium chicken tenderloins, each dish is made to order, ensuring freshness and consistent quality. Raising Cane’s is known for its fresh, never frozen chicken fingers, its secret-recipe Cane’s sauce, crinkle-cut fries, coleslaw, Texas toast, sweet tea, and fresh-squeezed lemonade. It is one of the fastest-growing quick-service restaurant chains in the U.S., experiencing a year-over-year sales growth of 22.5% and a year-over-year unit growth of 13.6% as of 2022. 

raising canes

Tenant Data:

Company Raising Cane’s Chicken Fingers
Ownership Private
Headquarters Baton Rouge, LA
Ticker N/A
Credit Rating BB- (S&P)
Annual Revenue $3.1 Billion (FY 2022)
Locations (North America) ± 750
Website www.raisingcanes.com
Average Raising Cane’s Chicken Fingers Info
Number on Market 10
Average Price $4,607,585
Average Remaining Term 12.7 Years
Average Cap Rate 4.44%
Average NOI $199,050
Average PPSF $1,356
Average Building SF 3,128 SF
Average Lot Size 1.12 AC
AS OF 02/06/2024

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