Raising Cane's Ground Lease | 20-Year Abs NNN Lease
Valdosta Mall Outparcel | High-Visibility Site
Marketing description
New 20-year absolute NNN ground lease to Raising Cane’s, the third-largest chicken restaurant chain in the U.S.
10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.
Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
Raising Cane’s experienced significant growth in 2024, opening 118 new restaurants, surpassing KFC in U.S. sales to become the third-largest chicken chain.
System sales reached $5.1 billion in 2024, more than double the 2021 total.
Raising Cane’s is experiencing significant growth in 2025, with plans to open nearly 100 new restaurants.
Investment highlights
Prime Retail Location: Positioned on North St. Augustine Road with 28,500 vehicles per day, just off the highly trafficked intersection with Norman Drive (16,100 AADT). The property benefits from significant exposure in Valdosta’s premier retail corridor.
Reliable Tenancy: Raising Cane’s experienced significant growth in 2024, opening 118 new restaurants, surpassing KFC in U.S. sales to become the third-largest chicken chain.
Strong Demographic Base: The five-mile radius serves a populous region of 66,442 with an average annual household income of $72,048 within a three-mile radius.
Across From High-Traffic Mall: Located directly across from Valdosta Mall, the only enclosed regional shopping center within a 75-mile radius, drawing customers from surrounding counties and generating robust foot traffic.
Major Traffic Drivers: This Raising Cane’s is adjacent to major brands like Lowe’s, Target, Publix, Best Buy, and Chick-fil-A, creating a high-demand retail environment that drives consistent consumer activity.
Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Raising Cane’s and Valdosta for steady concurrent growth.
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