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34563425
34563426

859 Millsap Road, Fayetteville, AR 72703 For Sale

CS
CA 01982875
Matthews
KP
CA 01949749
Matthews
CK
CA 01911198
Matthews
Listed by Matthews
$4,669,913
2 days on market
Updated 1 day ago

Raising Cane’s

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,576
Cap Rate 5.75%
NOI $268,520
Occupancy 100%
Tenancy Single
Brand/Tenant Raising Cane's
Lease Type Absolute NNN
Lease Expiration 08/31/2030
Remaining Term 4.1
Rent Bumps Yes
Lease Options Four, 5-Year
Year Built 2015
Acreage 0.970
Investment Type Net Lease
Lease Commencement 08/06/2015
Ground Lease No
Sale Condition 1031 exchange

Rare Fee Simple Raising Cane's | Absolute NNN | #9 Fastest-Growing MSA in America

Investment highlights

• Rare Fee Simple Ownership: Unlike most Raising Cane’s deals that are structured as ground leases, this is a fee simple deal with a corporate lease. The landlord owns both the land and building, giving investors more control and potential depreciation benefits.

• Top Ranked Whole Foods: Whole Foods (owned by Amazon) is one of the premier upscale grocery chains in the country, known for organic and health-conscious products. The store next door was built just a few years ago and already ranks nearly in the Top 20% nationally in foot traffic.

• Located on Major Highway Off-Ramp: The property is located directly off the Highway 71B off-ramp, which sees approximately 45,000 vehicles per day. Highway 71B also connects to Interstate 49, which sees approximately 69,000 vehicles per day, giving the site strong regional access and visibility.

• Major University City: Fayetteville is home to the University of Arkansas, which had nearly 35,000 students last year and a nationally recognized athletics program. The Razorbacks continue to drive year-round demand through major top-ranked sports programs including track and field, men’s basketball, baseball, and women’s soccer.

• Nationally Ranked Growth Market: Northwest Arkansas (NWA) is one of the fastest-growing regions in the country, with the Fayetteville-Springdale-Rogers MSA ranking as the #9 fastest-growing metro in the U.S. Northwest Arkansas is anchored by a rare concentration of corporate headquarters led by Walmart, Tyson Foods, and J.B. Hunt, along with more than 1,400 corporate vendor offices supporting Walmart’s ecosystem.

• #1 Best-Performing Small Metro: Fayetteville-Springdale-Rogers was ranked the #1 Best-Performing Small Metro in the U.S. by the Milken Institute. The ranking reflects the region’s strong wage growth, job creation, and high-tech GDP concentration, reinforcing NWA as one of the country’s most compelling growth markets.

• Absolute NNN Lease: Tenant takes care of all taxes, insurance, and maintenance responsibilities, offering a truly passive investment.

• A $6.5M+ Avg. Store Sales: Raising Cane’s does one thing and does it extremely well—chicken fingers and fries. The brand reports average store sales above $6.5 million, which is roughly 3x to 4x higher than most other fast food concepts and places Cane’s in the same elite tier as Chick-fil-A, In-N-Out, and McDonald’s.

Listing Contacts

CS
CA 01982875
Matthews
KP
CA 01949749
Matthews
CK
CA 01911198
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$268,520.00
$22,376.67/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Kyle Matthews
License
PB00084217 (AR))
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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