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Raising Cane’s 859 Millsap Rd 3,576 SF Retail Building Fayetteville, AR 72703 $4,669,913 ($1,305.90/SF) 5.75% Cap Rate

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Investment Highlights

Rare fee simple ownership — landlord owns land and building with corporate lease
Located on Hwy 71B off-ramp with ±45,000 VPD; connects to I-49 at ±69,000 VPD
#9 fastest-growing MSA in the U.S. — anchored by Walmart, Tyson Foods, J.B. Hunt

Absolute NNN lease — tenant responsible for all taxes, insurance, and maintenance
Adjacent to top-ranked Whole Foods in Top 20% nationally for foot traffic
Raising Cane's avg. store sales exceed $6.5M — among highest in quick-service

Executive Summary

Kyle Matthews
License # PB00084217 (AR))
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Fast Food

Building Size

3,576 SF

Year Built

2015

Price

$4,669,913

Price Per SF

$1,305.90

Cap Rate

5.75%

NOI

$268,520

Tenancy

Single

Building Height

1 Story

Building FAR

0.08

Lot Size

0.97 AC

Zoning

Parking

32 Spaces (8.95 Spaces per 1,000 SF Leased)

Frontage

86’ on College Ave

Pylon Sign

Drive Thru

Major Tenants

Accommodation and Food Services
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Raising Cane's was founded in 1996 in Baton Rouge by Todd Graves and has grown into a chicken-finger-focused restaurant chain. The company centers its menu on chicken finger meals, Cane's Sauce, crinkle-cut fries, Texas toast, coleslaw, and soft drinks, while also emphasizing cooked-to-order preparation and community involvement. Raising Cane's has continued expanding its restaurant network, adding more than one hundred restaurants in 2024 and carrying that growth into 2025. The business maintains a broad presence across the United States and also serves select international markets in the Middle East.