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Raising Cane's 5301 US 280 3,031 SF 4-Star Retail Building Birmingham, AL 35242 $4,130,000 ($1,362.59/SF) 4.60% Cap Rate
Investment Highlights
- Premier Retail Corridor | Walmart Outparcel in Affluent AL Market – Positioned along Hwy 280 with 63,230 VPD, offering exceptional visibility
- Affluent Homewood (Birmingham) Demographics | High-Growth Market – Located in Southwest Birmingham
- Strong Tenant Performance & Growth – Raising Cane’s is the 3rd largest chicken chain in the U.S. with 800+ locations
- Surrounded by National Retailers – including Walmart, Lowe’s, Publix, Target, Chick-fil-A, Chipotle, HomeGoods, Culver’s & more
- Median HH Income: $107,590 | 2030 Population Growth: 6.78%
- Sales: $5.1B in 2024 (doubling since 2021)
Executive Summary
Name
Hutt Cooke
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 000110253 - 0, 000168807-0 (AL)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Hutt Cooke
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 000110253 - 0, 000168807-0 (AL)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,031 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Price
$4,130,000
Price Per SF
$1,362.59
Cap Rate
4.60%
NOI
$190,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.16 AC
Zoning
B-2
Parking
50 Spaces (16.5 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Raising Cane's Chicken Fingers started in 1996 when Todd Graves opened a restaurant near Louisiana State University. The company focuses exclusively on chicken finger meals with a small selection of sides. The streamlined menu features hand-battered chicken tenders, fries, coleslaw, and signature sauces. Raising Cane's has expanded across the United States and internationally while maintaining its limited-item concept. The company operates numerous locations and emphasizes a consistent customer experience.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-9-31-0-001-052-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $637,080 |
Property Taxes
Parcel Number
03-9-31-0-001-052-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$637,080
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Raising Cane's | 5301 US 280
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