Raising Cane's Ground Lease — Sale in Sioux City, IA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Sioux City, IA 51106

Photos

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Investment Figures

Cap rate
4.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Raising Cane’s is renowned for its fresh, never frozen chicken fingers, its crave-able secret-recipe Cane’s sauce, crinkle-cut fries, coleslaw, Texas toast, freshly brewed sweet tea and fresh-squeezed lemonade. There are currently over 1,000 Raising Cane's restaurants in 43 states, with many new restaurants under construction including its first Mexico restaurant this year and first UK restaurant in early 2027. Sioux City serves as the economic hub of the tri-state region encompassing northwest Iowa, northeast Nebraska, and southeast South Dakota, known as Siouxland. The entire metropolitan area is home to roughly 144,000 residents, of which over 86,000 people reside within Sioux City. Investment Highlights: • New 15-Year Absolute Triple-Net (NNN) Ground Lease • High Quality 2025 Construction with a Drive-Thru • 7.5 Percent Rental Increases Every Five Years with Multiple Renewal Options • Raising Cane's is One of the Fastest-Growing Restaurant Brands with 1,000 Plus Locations and Plans to Open 100 Locations in 2026 • Situated in a Busy Retail Corridor Surrounded by National Tenants: Target, Hobby Lobby, Lowe's Home Improvement, Marshalls, and More • Down the Road from Lakeport Commons Shopping Center and Southern Hills Mall • Average Household Income Exceeds $125,000 in the Immediate Area • Easily Accessible Location Just Off US Highway 75 (Approximately 28,300 Cars per Day)

Market Context

This food service in Sioux City, IA is listed for sale. It is offered at an approximate 4.8% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Sioux City, IA — view the full market.

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