Log In/Sign Up
Your email has been sent.
Raising Cane’s | Mesa, AZ 1930 S Greenfield Rd 3,030 SF Retail Building Mesa, AZ 85206 $6,670,000 ($2,201.32/SF) 4.50% Cap Rate
Investment Highlights
- 20-year absolute NNN corporate lease; 11 years remaining
- Raising Cane’s has more than 900 locations in 45 states, and opened 100 locations across several new markets in 2025
- Prominent Exposure Along Greenfield Road (56,000 CPD)
- 10% increases every 5 years during the base term and each of the three 5-year options
- Rare Land and Building Investment Offering (Depreciable Asset)
- Dense, Affluent, High-Growth Demographics: $131,000 average household income within 1 mile
Executive Summary
Rare Land and Building Offering (Depreciable Asset) | 20-Year Absolute NNN Lease (11 Years Remaining) | High-Traffic Location (56,000 CPD) | Dense, Infill Trade Area (356,000+ People)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,030 SF
Building Class
B
Year Built
2017
Price
$6,670,000
Price Per SF
$2,201.32
Cap Rate
4.50%
NOI
$300,080
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.79 AC
Zoning
C-G
Parking
25 Spaces (8.25 Spaces per 1,000 SF Leased)
Frontage
222’ on S Greenfield Rd
Amenities
- Restaurant
- Drive Thru
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- $81.84
- Triple Net
- May 2037
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.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $81.84 | Triple Net | May 2037 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 140-67-023A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $266,537 |
Property Taxes
Parcel Number
140-67-023A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$266,537
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
