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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
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
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
C2
Parking
32 Spaces (8.95 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
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 End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 765-10973-001 | Improvements Assessment | $195,380 |
| Land Assessment | $83,980 | Total Assessment | $279,360 |
Property Taxes
Parcel Number
765-10973-001
Land Assessment
$83,980
Improvements Assessment
$195,380
Total Assessment
$279,360
Contacts
-
Conrad Sarreal -
Kevin Puder -
Chad Kurz -
Matthews Real Estate Investment Services
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