New 2026 Construction | +1.16 AC | Double-Drive-Thru | Opened March 2026 – Brand new construction featuring Raising Cane’s latest prototype with a double drive-thru designed to accommodate high-volume demand.
Premier Retail Corridor | Walmart Outparcel in Affluent AL Market – Positioned along Hwy 280 with 63,230 VPD, offering exceptional visibility and access; prime hard-corner outparcel to Walmart benefiting from strong daily consumer traffic.
Surrounded by National Retailers – including Walmart, Lowe’s, Publix, Target, Chick-fil-A, Chipotle, HomeGoods, Culver’s & more, driving consistent activity and strong foot traffic.
Affluent Homewood (Birmingham) Demographics | High-Growth Market – Located in Southwest Birmingham, one of the most affluent and desirable areas in Alabama with strong long-term fundamentals.
Median HH Income: $107,590 | 2030 Population Growth: 6.78%
Strong Tenant Performance & Growth – Raising Cane’s is the 3rd largest chicken chain in the U.S. with 800+ locations and rapidly expanding footprint.
Sales: $5.1B in 2024 (doubling since 2021)
Expansion: 100+ openings in 2025 and 100+ planned for 2026
New 15-Year Absolute NNN Ground Lease – 15-year initial term with an investor-friendly structure.
Rent Commencement: March 10, 2026
Guarantor: Raising Cane’s Restaurants, LLC
Increases: 10% Every 5 Years
Options: Ten (10), 5-Year Renewals
High-Quality, High-Demand Site – Recently completed construction and best-in-class site design position the asset to capture strong, sustained consumer demand within Birmingham’s premier retail corridor.