Raising Cane's 5301 US 280 3,031 SF 4-Star Retail Building Birmingham, AL 35242 $4,222,222 ($1,393.01/SF) 4.50% Cap Rate

Raising Cane’s at 5301 Highway 280 represents one of the most premier quick-service restaurant sites in the Southeast United States. Positioned along Birmingham’s dominant retail corridor, the property benefits from direct exposure to more than 80,000 vehicles per day. Highway 280 connects some of the region’s most affluent residential communities, including Mountain Brook, Homewood, Vestavia Hills, Inverness, and Greystone, which drives unmatched purchasing power.

Placed at the heart of the region’s primary retail hub, the property is located at the intersection of Highway 280 and Meadow Lark Drive between two major retail anchors, a high-performing Walmart Supercenter and the Brook Highland Plaza Power Center, and it shares an access drive serving both. Combined, these centers generate more than 5.2 million annual visits and attract nearly 220,000 unique shoppers each year, according to Placer.ai. The region’s retail landscape features household names such as Lowe’s, Burlington, Best Buy, Winn-Dixie, PGA Tour Superstore, Chick-fil-A, Starbucks, CAVA, Chipotle, and Whataburger, among others. Additionally, the Grandview Medical Center is just 2.9 miles away, providing an added built-in customer base of patients, staff, and visiting families. This concentration of leading brands and major demand drivers fosters continuous cross-shopping, consistent customer traffic, and lasting stability for both food and retail operators.

The site also carries a long history of success for restaurant operations. Lloyd’s Restaurant operated for 38 years at this address before the owner’s passing and the subsequent sale of the property. That legacy underscores the site’s proven ability to support both full-service and quick-service dining with high-volume customer traffic.

This is a rare opportunity to acquire the first Raising Cane’s serving the Birmingham area and the third in Alabama. Raising Cane’s ranks among the nation’s fastest-growing quick-service restaurant brands, opening a record 118 new locations in 2024 and expanding to over 900 restaurants in 42 states. With a strong brand identity, active word-of-mouth, and robust social media presence, Raising Cane’s maintains impressive sales at individual locations, averaging $6.6 million annually. 5301 Highway 280 will feature a double drive-through format, a proven design for high-volume trade areas that increases throughput, shortens service times, and enhances store-level sales performance.

The asset is secured by a new 15-year absolute NNN ground lease with Raising Cane’s, with 10 percent rent increases every five years, providing predictable income growth and long-term inflation protection. With 10 five-year renewal options included, this location offers a secure investment with a potential lease term of up to 65 years. Investors benefit from zero landlord responsibilities and irreplaceable real estate at the core of Alabama’s highest-performing retail corridor. (Lease to commence upon completion of construction).

Raising Cane’s avid fanbase, “Caniacs”, will be able to easily reach the location thanks to convenient placement directly off the intersection of Highway 280 and Highway 119, with nearby connections for Interstate 459. These vital arteries allow the location to tap into an affluent customer base within 10 miles of the 5301 US 280, including more than 299,000 residents and daytime workforce of over 274,000. Locals in the area earn an impressive household income of more than $123,000 and produced annual spending surpassing $4.2 billion during 2024, underscoring the market’s strength and the property’s unique appeal for investors seeking stable cash flow and long-term growth prospects.

This rare opportunity will not last long; contact the Marcus & Millichap team today to learn more about this incredible offer.