Sell Your Raising Cane’s Property
Planning to sell a property leased to Raising Cane’s? NNN Realty focuses on net lease investment sales nationwide. This page explains how buyers value Raising Cane’s ground leases, what can raise or lower your price, and how a sale proceeds to closing.
The Raising Cane’s Market at a Glance
Short Answer
Most Raising Cane’s properties are ground leases, so you own the land while the company owns the building and pays the property’s costs. Because the company signs its leases at the corporate level, buyers focus on the years remaining, the next rent increase, and the site’s drive-thru capacity and sales history. With no public credit rating and a steady supply of new sites, a proven location carries extra weight.
- Typical cap rate
- 4.25% to 5%
- Typical sale price
- $3M to $4.5M
- Typical term left at sale
- 10 to 15 years
- Typical lease type
- Ground lease
Approximate ranges from NNN Realty’s tracking of Raising Cane’s listings and reported sales, with data as of October 6, 2026. They are a starting point, not an appraisal or a quote of current pricing: your property’s value depends on its lease, location and condition.
How to Sell Your Raising Cane’s Property
Selling a Raising Cane’s ground lease means showing buyers how your site compares with the many new restaurants coming to market. We guide owners through valuation, marketing, offers and closing.
Property Review & Valuation
We review the ground lease to confirm the tenant entity, years remaining, rent schedule and next increase date, renewal options and any purchase rights. We also assess the double drive-thru stacking, access, parking, land value and how long the restaurant has operated, then compare it with recent Raising Cane’s sales to recommend an asking price.
Market Positioning & Buyer Targeting
Raising Cane’s ground leases appeal to 1031 exchange buyers, private investors and family offices that want land ownership with minimal management. Our offering memorandum highlights the rent schedule, site layout and operating history with professional and drone photography, and we contact buyers whose criteria match.
Offers, Buyer Qualification & Negotiations
We compare offers on price, financing or proof of funds, closing history, exchange timing and contingencies. We then negotiate a non-binding Letter of Intent (LOI) setting the main terms and move to a Purchase and Sale Agreement (PSA) with your attorney.
Due Diligence & Closing
After the PSA is signed, the buyer usually has about 30–45 days to complete due diligence on the ground lease, title, survey, environmental reports and site agreements. During this period the buyer can typically cancel and recover its earnest money.
We coordinate documents, site visits and communication with attorneys, the title company and lenders, and we request a tenant estoppel from Raising Cane’s confirming the lease terms. Depending on the PSA, the deposit may become nonrefundable after due diligence, subject to contract exceptions, and closing commonly follows within 15–30 days. Timelines vary.
What Is My Raising Cane’s Property Worth?
A Raising Cane’s property is valued on its net operating income (NOI) and the capitalization rate (cap rate) buyers will accept. Not all Raising Cane’s properties trade at the same cap rate. Remaining term, increase timing, drive-thru stacking and the site’s track record can each move the price.
How Cap Rates Affect Your Property’s Value
A cap rate represents the relationship between a property’s annual net operating income and its purchase price. Generally, a lower cap rate results in a higher property value, while a higher cap rate results in a lower value.
Example: $180,000 annual NOI at 4.75% cap rate = approximately $3,789,474 estimated property value.
Property Value = Annual NOI ÷ Cap Rate
Cap rate calculator
Estimated property value
Illustrative calculation only. Actual sale prices depend on property characteristics and market conditions.
Factors That Influence Raising Cane’s Property Values
Remaining Ground Lease Term
Ground leases with most of their initial term ahead usually sell at the strongest pricing. As the term runs down, buyers lean more on the land value and the location.
Rent Increase Timing
Buyers pay for the income they will collect in the next few years, so an increase scheduled soon after closing supports value. We show the full rent schedule, including the option periods.
Drive-Thru Stacking & Site Layout
High-volume drive-thru sales depend on room for a long line of cars and smooth access. Double drive-thru lanes and good circulation add value to the site.
Proven Sales History
A seasoned restaurant with a track record stands out from newly opened sites that have little history. Buyers often prefer a location that has already shown it performs.
Corporate Tenant & Private Credit
Leases are typically signed by the company rather than a franchisee, which buyers value. Because Raising Cane’s is privately held and unrated, buyers rely on the lease terms and the brand’s operating record instead of a rating.
Raising Cane’s as a Tenant
Raising Cane’s Chicken Fingers is a privately held restaurant company founded by Todd Graves, and it operates most of its restaurants itself rather than franchising them. Ground leases are commonly signed by Raising Cane’s Restaurants, L.L.C., so there is usually no franchisee between the landlord and the company. The tenant entity and any guarantee should be confirmed from your lease.
Raising Cane’s opened its 1,000th restaurant, on Hollywood Boulevard in Los Angeles, in March 2026, and it planned about 100 new restaurant openings for the year. That steady pipeline of new ground leases gives buyers plenty of choice, so term, rent timing and a proven sales record set individual sites apart.
- Parent company
- Raising Cane’s Restaurants, L.L.C. (privately held; founder Todd Graves)
- Restaurants
- More than 1,000; the 1,000th opened in March 2026
- Credit rating
- Privately held; no public credit rating
- Common lease terms
- Often an absolute NNN ground lease with a 15-year initial term, renewal options and periodic increases. Confirm the tenant entity and rent schedule in your lease.
- Typical site
- About 3,000 to 3,800 square feet on 1 to 1.5 acres with a double drive-thru
What Is Your Raising Cane’s Property Worth?
Considering selling your Raising Cane’s property? NNN Realty can estimate its market value by reviewing the ground lease and rent schedule, the site’s drive-thru layout, recent comparable sales, and current buyer demand.
Whether you are ready to sell or still deciding, we can give you a clear, informed assessment of your investment.
NNN Realty is not affiliated with Raising Cane's Restaurants, L.L.C.. Market ranges are approximate, based on listings and sales tracked through October 6, 2026, and the calculator is illustrative. Nothing here is tax, legal or investment advice.