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5301 US-280, Birmingham, AL, 35242

Raising Cane’s
$4,130,000

Key Information

Cap Rate
4.6%
Tot. SF
3,031
Lot Size
1.16 Acres
Year Built
2026
Term Remaining
± 15 Years
Type
Retail
NOI
$190,000

Highlights

  • 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.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 000110253 - 0, 000168807-0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203