Raising Cane’s
Baskersfield, CA
Raising Cane’s Chicken Fingers is a fast-food restaurant chain specializing in chicken fingers, that was founded in Baton Rouge, Louisiana by Todd Graves and Craig Silvey on August 26, 1996. While company headquarters remain in Louisiana, a second restaurant support office was opened in Plano, Texas in 2009.
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Positives:
- Smaller chain on a growing trend
- NNN lease eliminates landlord responsibilities
- Typically Long term leases with increases
Negatives:
- Currently Not Rated
- Competitive Industry Sector
- Susceptible to economic trends and pressures
Market Snapshots:
On Market Ranges:
# of Properties in set: 5
Price: $3,859,660 - $4,717,360Average: $4,288,508
PPSF: $1220 - $1360Average: $1280
Year Built: 1945 - 2018Average: 2002
CAP Rate Range: 4.82% - 5.43%Average: 5.12%
Size range: 2,722 sq ft - 3,935 sq ft Average: 3,357 sq ft
Last 12 Month Range:
# of Properties in set: 13
Price: $3,564,770 - $4,198,510Average: $3,960,856
PPSF: $1057 - $1460Average: $1259
Year Built: 1945 - 2017Average: 2004
CAP Rate Range: 5.27% - 6.46%Average: 5.67%
Size range: 2,722 sq ft - 3,699 sq ft Average: 3,218 sq ft
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Raising Cane’s Company Profile
Sector: Services
Industry: Fast food restaurant