Raising Cane’s

Raising Cane’s – Single‑Tenant Net Lease Investment
Phoenix MSA, AZ | Fast‑Casual Drive‑Thru & Delivery | Absolute NNN Lease | Passive Income Opportunity

Overview
This opportunity features a freestanding Raising Cane’s restaurant in the Phoenix metropolitan area. Secured by a long-term absolute triple-net (NNN) lease, the tenant assumes full responsibility for all site-level expenses—including property taxes, insurance, maintenance, utilities, landscaping, and structural repairs. With scheduled rent escalations, this investment delivers inflation-protected income while requiring zero landlord involvement. It presents a compelling fit for investors seeking net lease investment properties, single-tenant NNN assets, fast-casual drive-thru opportunities, and 1031-exchange-ready real estate.

Investment Highlights

• Absolute NNN lease structure relieves landlord of all operating obligations
• Drive-thru and delivery-focused prototype optimized for modern consumer behavior
• Operated by an experienced regional franchisee with strong local execution
• Long-term lease term with scheduled rent escalations and renewal options
• Prominent signalized corner location in a major retail and commuter corridor

Tenant Overview
Raising Cane’s is a fast-growing national chicken-finger concept with a simple menu focused on quality, speed, and value. The brand has earned a loyal following across the country, and its strong operational model ensures dependable site-level performance. This Phoenix location is run by a well-capitalized franchisee with multiple units in the region. Although the lease is backed by the operator rather than corporate, the franchisee’s commitment to site maintenance, customer experience, and local marketing strengthens tenancy stability.

Lease Summary

• Lease Type: Absolute NNN
• Term: Extended initial lease with several years remaining
• Escalations: Predefined increases at scheduled intervals
• Renewal Options: Included to ensure long-term income continuity
• Landlord Responsibilities: None

This structure supports truly passive ownership with forecastable income growth and minimal administrative burden.

Site Overview
Built to Raising Cane’s prototype standards, the restaurant features dual drive-thru lanes, delivery staging, branded exterior finishes, monument signage, and customer parking. Located at a high-visibility signalized intersection in the Phoenix market, the site benefits from easy access and consistent traffic flow. Retail co-tenants in the immediate vicinity include grocery anchors, quick-service restaurants, pharmacies, and service providers—creating strong synergy and sustained footfall throughout the day.

Market Overview – Phoenix MSA
Phoenix ranks among the fastest-growing metro areas in the U.S., with a diverse economy comprising tech, healthcare, education, manufacturing, and financial services. This growth fuels demand for convenient dining options and drive-thru retail formats. Phoenix’s retail corridors continue to expand and densify, with traffic counts benefiting from increased population density and commercial development.

Demographics and Trade Area
The surrounding trade area supports a broad customer base of families, working professionals, commuters, and students. Residential and commercial growth in the area drives consistent traffic across all dayparts—breakfast, lunch, dinner, and weekend occasions. High visibility and proximity to employment centers, educational institutions, and retail anchors promote repeat customer activity.

Consumer Demand Drivers

• Convenience-driven patrons utilizing drive-thru and delivery
• Brand equity, menu simplicity, and quality encouraging customer loyalty
• Highly visible corner site ideal for passenger and pedestrian traffic
• Commuter and shopper synergy from adjacent retail anchors
• Multi-daypart performance—morning grab-and-go, afternoon meals, family evenings

Income Profile and Growth Potential
Rent escalations built into the lease protect against inflation and support income growth. With all expenses covered by the tenant under the absolute NNN structure, net operating income remains clean and predictable—facilitating confident underwriting. Franchisee reinvestment in maintenance and marketing reinforces site performance and long-term value retention.

Ideal Buyer Profile
This asset appeals to:

• 1031 exchange investors seeking turnkey passive-income properties
• Buyers building fast-casual drive-thru portfolios
• Family offices and private capital focused on low-management, income-producing real estate
• Institutional investors or small-cap REITs targeting stabilized NNN assets
• Conservative investors prioritizing inflation-hedged, hands-off cash flow

Market Positioning & Trends
Drive-thru fast-casual formats with delivery capabilities are among the most coveted asset types in today’s NNN landscape. Raising Cane’s strong brand reputation and efficient service model fit perfectly within Phoenix’s growth and demographic trends. Limited availability of freestanding pad sites in established corridors creates scarcity value and underpins pricing and demand. The asset aligns seamlessly with key investor search criteria such as net lease investment properties, single-tenant NNN retail, fast-casual NNN lease investments, Raising Cane’s NNN assets, and 1031 exchange-compatible opportunities.

Conclusion
This Raising Cane’s in the Phoenix MSA stands out as a high-quality net lease investment. It features a long-term absolute NNN lease, franchisee-backed tenancy, structured rent escalations, and premium placement within a dynamic regional market. With fully outsourced responsibilities and inflation-protected income, the property offers steady passive cash flow and long-term value—making it a strategic addition to diversified, income-driven portfolios.

Please contact us for more information.