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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
$9,293,377 CAD
Price Per SF
$3,067.12 CAD
Cap Rate
4.50%
NOI
$418,104 CAD
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
  • -
  • $114.03 CAD
  • 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 - $114.03 CAD Triple Net May 2037
Moderately walkable
60/100
Exceptionally drivable
100/100
Moderately bikeable
60/100

Nearby Major Retailers

Chase Bank
America First Credit Union
BMO
Native Grill & Wings
Navy Federal Credit Union
First Convenience Bank
La Fitness
CrossFit New Perception
EoS Fitness
Fit Body Boot Camp

Property Taxes

Property Taxes

Parcel Number
140-67-023A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$376,036 CAD
  • Listing ID: 41045230

  • Date on Market: 2026-06-24

  • Last Updated:

  • Address: 1930 S Greenfield Rd, Mesa, AZ 85206

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