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1200 N Saint Augustine Rd
Valdosta, GA 31601
Raising Cane's Ground Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 20-year absolute NNN ground lease to Raising Cane’s, the third-largest chicken restaurant chain in the U.S.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- System sales reached $5.1 billion in 2024, more than double the 2021 total.
- 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.
- Raising Cane’s saw strong growth in 2024, opening 118 new locations and surpassing KFC in U.S. sales to rank as the third-largest chicken chain.
- Raising Cane’s is experiencing significant growth in 2025, with plans to open nearly 100 new restaurants
EXECUTIVE SUMMARY
Positioned on North St. Augustine Road with 28,500 vehicles per day, just off the highly trafficked intersection with Norman Drive (16,100 AADT), the property benefits from strong visibility within Valdosta’s primary retail corridor.
Raising Cane’s demonstrated significant momentum in 2024, opening 118 new restaurants and surpassing KFC in U.S. sales to become the third-largest chicken chain nationally.
The surrounding trade area supports a population of approximately 66,442 within a five-mile radius, with an average household income of $72,048 within three miles.
The property is located directly across from Valdosta Mall, the only enclosed regional shopping center within a 75-mile radius, drawing shoppers from surrounding counties and generating sustained foot traffic.
Nearby national retailers including Lowe’s, Target, Publix, Best Buy, and Chick-fil-A contribute to a dense retail cluster that drives consistent consumer demand.
Projected population and income growth within the 1-, 3-, and 5-mile radii over the next five years positions both the property and the Valdosta market for continued growth.
Raising Cane’s demonstrated significant momentum in 2024, opening 118 new restaurants and surpassing KFC in U.S. sales to become the third-largest chicken chain nationally.
The surrounding trade area supports a population of approximately 66,442 within a five-mile radius, with an average household income of $72,048 within three miles.
The property is located directly across from Valdosta Mall, the only enclosed regional shopping center within a 75-mile radius, drawing shoppers from surrounding counties and generating sustained foot traffic.
Nearby national retailers including Lowe’s, Target, Publix, Best Buy, and Chick-fil-A contribute to a dense retail cluster that drives consistent consumer demand.
Projected population and income growth within the 1-, 3-, and 5-mile radii over the next five years positions both the property and the Valdosta market for continued growth.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,691 SF
Building Class
C
Year Built
2025
Price
$2,989,000
Price Per SF
$1,110.74
Cap Rate
4.35%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
8.25 AC
Opportunity Zone
Yes
Parking
37 Spaces (13.75 Spaces per 1,000 SF Leased)
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 0083B-018 | Improvements Assessment | $947,330 |
| Land Assessment | $759,170 | Total Assessment | $1,706,500 |
PROPERTY TAXES
Parcel Number
0083B-018
Land Assessment
$759,170
Improvements Assessment
$947,330
Total Assessment
$1,706,500
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