859 Millsap Road, Fayetteville, AR, 72703
Raising Cane’s
Key Information
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.
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