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214.675.0175 214.522.7200 MATTHEW SCOW [email protected] BOB MOORHEAD [email protected] EXCLUSIVE OFFERING | $4,238,000 – 6% CAP Raising Cane’s – CORPORATE Absolute NNN 4200 West Walnut St, Rogers, AR Property. 2016 Construction, 2,724+ square foot building on 0.86+ acres. Tenant. Raising Cane’s Chicken Fingers is a fast-food restaurant chain founded in Baton Rouge. The company currently has more than 250+ locations. 2014 U.S. systemwide sales: $415 million. Lease Structure. Brand new, Corporate, 15-year, Absolute NNN Lease, with variable rent increases every 5-years during primary term and option periods. Location. Raising Cane’s is situated along West Walnut Dr., (32,000 VPD) just east of Interstate 49 (37,000 VPD). The subject property is strategically located in a heavy retail and dense residential area of Rogers, AR. Within a 5-mile radius of the site, the population is 107,902 people and the total number of employees is 93,255 with an average household income of $84,616. The subject property is surrounded by notable national credit tenants such as Marshall’s, Home Goods, Office Depot, Lowe’s, Barnes & Noble, Kohl’s, Staples, Petco, Ross, Belk, Hampton Inn, AT&T, Mattress Firm, Starbucks, Chili's, Panera, Outback Steakhouse, Chipotle, Chick-fil-A, Sonic, McDonalds, Arby’s, and many more. Rogers, AR is approximately 210-miles from Little Rock, AR. FILE PHOTO
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Page 1: EXCLUSIVE OFFERINGtrivanta.com/wp-content/uploads/2016/08/Raising-Canes_AR...214.675.0175 214.522.7200 MATTHEW SCOW mscow@trivanta.com BOB MOORHEAD bob@trivanta.com EXCLUSIVE OFFERING

214.675.0175

214.522.7200

MATTHEW SCOW

[email protected]

BOB MOORHEAD

[email protected]

EXCLUSIVE OFFERING | $4,238,000 – 6% CAP

Raising Cane’s – CORPORATE Absolute NNN

4200 West Walnut St, Rogers, AR

Property. 2016 Construction, 2,724+ square foot building on 0.86+ acres.

Tenant. Raising Cane’s Chicken Fingers is a fast-food restaurant chain founded in Baton Rouge. The company currently has more than 250+ locations. 2014

U.S. systemwide sales: $415 million.

Lease Structure. Brand new, Corporate, 15-year, Absolute NNN Lease, with variable rent increases every 5-years during primary term and option periods.

Location. Raising Cane’s is situated along West Walnut Dr., (32,000 VPD) just east of Interstate 49 (37,000 VPD). The subject property is strategically located in

a heavy retail and dense residential area of Rogers, AR. Within a 5-mile radius of the site, the population is 107,902 people and the total number of employees is

93,255 with an average household income of $84,616. The subject property is surrounded by notable national credit tenants such as Marshall’s, Home Goods,

Office Depot, Lowe’s, Barnes & Noble, Kohl’s, Staples, Petco, Ross, Belk, Hampton Inn, AT&T, Mattress Firm, Starbucks, Chili's, Panera, Outback Steakhouse,

Chipotle, Chick-fil-A, Sonic, McDonalds, Arby’s, and many more. Rogers, AR is approximately 210-miles from Little Rock, AR.

FILE PHOTO

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Trivanta (“Agent”) has been engaged as an agent for the sale of the property located at

4200 West Walnut, Rogers St, AR by the owner of the Property (“Seller”). The Property is

being offered for sale in an “as-is, where-is” condition and Seller and Agent make no

representations or warranties as to the accuracy of the information contained in this

Offering Memorandum. The enclosed materials include highly confidential information and

are being furnished solely for the purpose of review by prospective purchasers of the

interest described herein. The enclosed materials are being provided solely to facilitate the

prospective investor’s own due diligence for which it shall be fully and solely responsible.

The material contained herein is based on information and sources deemed to be reliable,

but no representation or warranty, express or implied, is being made by Agent or Seller or

any of their respective representatives, affiliates, officers, employees, shareholders,

partners and directors, as to the accuracy or completeness of the information contained

herein. Summaries contained herein of any legal or other documents are not intended to be

comprehensive statements of the terms of such documents, but rather only outlines of

some of the principal provisions contained therein. Neither the Agent nor the Seller shall

have any liability whatsoever for the accuracy or completeness of the information contained

herein or any other written or oral communication or information transmitted or made

available or any action taken or decision made by the recipient with respect to the Property.

Interested parties are to make their own investigations, projections and conclusions without

reliance upon the material contained herein. Seller reserves the right, at its sole and

absolute discretion, to withdraw the Property from being marketed for sale at any time and

for any reason. Seller and Agent each expressly reserves the right, at their sole and

absolute discretion, to reject any and all expressions of interest or offers regarding the

Property and/or to terminate discussions with any entity at any time, with or without notice.

This offering is made subject to omissions, correction of errors, change of price or other

terms, prior sale or withdrawal from the market without notice. Agent is not authorized to

make any representations or agreements on behalf of Seller. Seller shall have no legal

commitment or obligation to any interested party reviewing the enclosed materials,

performing additional investigation and/or making an offer to purchase the Property unless

and until a binding written agreement for the purchase of the Property has been fully

executed, delivered, and approved by Seller and any conditions to Seller’s obligations

hereunder have been satisfied or waived. By taking possession of and reviewing the

information contained herein, the recipient agrees that (a) the enclosed materials and their

contents are of a highly confidential nature and will be held and treated in the strictest

confidence and shall be returned to Agent or Seller promptly upon request; and (b) the

recipient shall not contact employees or tenants of the Property directly or indirectly

regarding any aspect of the enclosed materials or the Property without the prior written

approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied

or otherwise reproduced without the prior written authorization of Seller and Agent.

PAGE 3: INVESTMENT | TENANT | LEASE OVERVIEW

PAGE 1: COVER

PAGE 2: TABLE OF CONTENTS | DISCLAIMER

PAGE 9-10: LOCATION MAPS

Table of contents | Disclaimer Raising Cane’s

4200 West Walnut St, Rogers, AR

PAGE 5-6: AERIAL PHOTOS

PAGE 8: LOCATION OVERVIEW

Disclaimer

PAGE 11: DEMOGRAPHICS

PAGE 4: PRESS RELEASE

PAGE 7: SITE PLAN

2

FILE PHOTO

Listed in association with ARKANSAS broker of record:Flake & kelley commercial

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PRICE| CAP RATE: $4,238,000 | 6%

NET OPERATING INCOME: $254,300

BUILDING AREA: 2,724 + Square Feet

LAND AREA: 0.86+ Acres

YEAR BUILT: 2016

OWNERSHIP: Fee Simple Interest

OCCUPANCY: 100%

Investment overviewRaising Cane’s

4200 West Walnut St, Rogers, AR

RAISING CANE’S | http://www.raisingcanes.com

Raising Cane's Chicken Fingers is a fast-food restaurant chain founded in Baton Rouge, Louisiana by Todd Graves and Craig Silvey on August 26, 1996.

The company features a menu consisting of chicken fingers, Cane’s sauce, Texas Toast, Kaiser rolls, crinkle–cut fries and coleslaw. CEO Todd Graves

opened the first Raising Cane’s in Baton Rouge, Louisiana, in 1996. The first location outside of Baton Rouge was opened in 2001 in Lafayette,

Louisiana—since then, new restaurants have been opened in Mississippi, Texas, Colorado, Georgia, Ohio, Oklahoma, Nevada, Alabama, Virginia,

Kentucky, Minnesota, Massachusetts, and Nebraska, in addition to all 8 metropolitan areas of Louisiana. Graves plans to continue the expansion of his

restaurant chain throughout the United States and internationally. The company currently has more than 250 locations. By year end 2008 Raising Cane’s

showed revenues of $97.4 million. In January 2009, the company opened a second restaurant support office in Plano, Texas after having a 235.6%

growth in the year 2008. 2014 U.S. systemwide sales: $415 million.

Tenant overviewRaising Cane’s Restaurants, LLC.

Lease Expiration: August 2031

Rent Commencement: August 2016

Initial Lease Term: 15 Years with 5, 5-year options to extend

Rent Increases: See parenthesis below

Lease Type: Corporate – Absolute NNN Lease

Lease overview

Annual Rent Yrs 1-5: $254,300

Annual Rent Yrs 6-10: $265,800 (4.52%)

Annual Rent Yrs 11-15: $278,780 (4.88%)

Option 2 | Yrs 21-25: $337,323 (10%)

Option 3 | Yrs 26-30: $371,056 (10%)

Option 4 | Yrs 31-35: $408,161 (10%)

3

Option 1 | Yrs 16-20: $306,658 (10%) Option 5 | Yrs 36-40: $448,977 (10%)

Rent is based on a formula that includes a % of total improvement costs and will be adjusted accordingly upon

building completion. Annual Rent shown above are estimates. Consequently, the Purchase Price may change

but the agreed upon CAP rate will not.

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Brand Review – Nationwide Industry Recognition

Raising Cane’s has earned numerous awards within the restaurant

industry. Below are some of the most recent and notable:

5 Consecutive years as top-ranked Quick-Service Chain in the Nation

– Sandleman and Associates

#2 Fastest Growing Restaurant Chain – Nation’s Restaurant News

Top 10 Places to Work (5 consecutive years on list) – Dallas Morning News

Excellent Food Service – Zagat

Restaurateur of the Year – Louisiana Restaurant Association

Best Fried Chicken – 225 Magazine (Baton Rouge, LA), The Advertiser

(Lafayette, LA), Delta Style (Monroe, LA), Bossier Press – Tribune (Bossier

City, LA), Virginia Pilot (Hampton Roads, VA).

Baton Rouge, Louisiana-based Raising Cane’s Chicken Fingers has earned the

distinction of No. 1 Quick Service Restaurant Chain in the nation for 2012,

according to the Sandelman & Associates Quick-Track study. In addition to scoring

top overall honors, Cane’s earned six additional first-place awards.

“I couldn’t be more proud of our crew members for the incredible work they have

done for so many years to earn us this amazing recognition,” says Ian Vaughn,

Raising Cane’s chief operating officer, fry cook, and cashier. “What’s even more

rewarding is knowing that this recognition is coming from our customers. We will

continue to strive hard every day to exceed their expectations, just as they

deserve.”

Known for its ONE LOVE – chicken finger meals – Raising Cane’s is one of the

nation’s fastest-growing restaurants. It is widely recognized as an industry leader incustomer service.

For the past 25 years, Sandelman & Associates has released its much-anticipated

Quick-Track Awards of Excellence, honoring the top-ranked restaurant chains in

several different categories. The 2012 awards are based on surveys of more than

110,000 quick-service restaurant customers covering 1.4 million fast-food visits in

over 90 U.S. media markets. Consumers are asked to provide feedback on 16

attributes of their dining experience.

This year, Raising Cane’s was rated the #1 Quick Service Restaurant Chain in the

country. In addition, Raising Cane’s racked up the following awards in the chicken

chain category:

#1 Overall Rating

#1 Taste or Flavor of Food

#1 Quality of Ingredients

#1 Temperature of Food

#1 Accuracy in Filling Orders

#1 Convenience of Locations

According to the study, in 2012 63 percent of Raising Cane’s customers rated their

most recent visit “excellent” overall (rating of “5” on a 5-point scale).

“Our culture is built on the philosophy of working hard while having fun,” says

Vaughn. “We take pride in serving our communities while delivering a great

experience for our customers. This means serving a premium, consistent product.

Our team is honored to see our hard work recognized by our valued customers.”

"Raising Cane's Rated Nation's Best in Sandelman Study." Industry News. QSR Magazine, 18

Feb. 2013. Web. 12 Dec. 2013.

Press ReleaseRaising Cane’s

4200 West Walnut St, Rogers, AR

Representative Photo

4

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Aerial photoRaising Cane’s

4200 West Walnut, Rogers, AR

5

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Aerial photoRaising Cane’s

4200 West Walnut St, Rogers, AR

6

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SITE PLANRaising Cane’s

4200 West Walnut St, Rogers, AR

7

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Location overviewRaising Cane’s

4200 West Walnut St, Rogers, AR

8

IMMEDIATE TRADE AREA

Raising Cane’s is situated along West Walnut Dr., (32,000 VPD) just east of

Interstate 49 (37,000 VPD). West Walnut Dr. is the main east-west

thoroughfare in Rogers, AR, while Interstate 49 is a major United State

Interstate Highway that runs north to south which serves and provides access

to Rogers, AR. Rogers, AR is approximately 210-miles from Little Rock, AR.

The subject property is strategically located in a heavy retail and dense

residential area of Rogers, AR. Within a 5-mile radius of the site, the population

is 107,902 people and the total number of employees is 93,255 with an

average household income of $84,616. The subject property is surrounded by

notable national credit tenants such as Marshall’s, Home Goods, Office Depot,

Lowe’s, Barnes & Noble, Kohl’s, Staples, Petco, Ross, Belk, Hampton Inn,

AT&T, Mattress Firm, Starbucks, Chili's, Panera, Outback Steakhouse,

Chipotle, Chick-fil-A, Sonic, McDonalds, Arby’s, and many more.

ROGERS, AR

Northwest Arkansas and Rogers continue to be a great place for businesses

and residents to thrive. At this moment there is well over $60 million in private

development occurring within Rogers and Lowell, not including public funded

projects like road construction and quality of life amenities. Bustling shopping

centers live harmoniously adjacent to gorgeous scenery and historic sites. The

area may be one of the fastest growing places in the nation while maintaining

the heart and soul of small town. Roger’s historic downtowns and vibrant

entertainment districts attract huge numbers with many amenities and

destinations including museums, art galleries, shopping and dining. Outdoor

amenities abound with multiple state parks, 487 miles of Beaver Lake

shoreline, an impressive regional trails system.

A strong mix of privately-owned and Fortune 500 companies and consumer

products companies continue to flock to the region. Over 1,350 Walmart

vendors now call Northwest Arkansas home and take advantage of world-class

office space and premiere technology available to them. Regional offices for

some of these industry leading suppliers.

In 1962, Sam Walton opened the first Walmart in Rogers. From very humble

beginnings, the corporation has grown to become the world’s largest retailer

helping people around the world save money and live better -- anytime and

anywhere -- in retail stores, online and through their mobile devices.

Today, nearly 260 million customers visit their more than 11,500 stores under

65 banners in 28 countries and e-commerce sites in 11 countries each week.

With fiscal year 2015 net sales of $482.2 billion, Walmart employs 2.2 million

associates worldwide – 1.4 million in the U.S. alone. It’s all part of their

unwavering commitment to creating opportunities and bringing value to

customers and communities around the world.

NORTHWEST ARKANSAS MSA

Rogers and Lowell offer access, low cost of living, a strong customer base, an

enviable quality of life and an international playing field all with the feel of a

small town. It’s the perfect place to expand, startup or relocate a business.

Thanks to the wide variety of career opportunities provided by the headquarters

of industry giants Walmart Stores, Inc., Tyson Foods, Inc. and J.B. Hunt

Transport, Inc., and their many suppliers, the region is one of the fastest

growing areas in the country. Dynamic growth has continued in the region in

numerous business sectors, including corporate services/information

technology, food-related industries, healthcare, sustainable technologies,

transportation and logistics, hospitality, and retail. The opening of the World

Trade Center Arkansas in 2007 permanently altered the business landscape in

Northwest Arkansas, and the global business leadership of companies such as

Walmart, Tyson Foods and J.B. Hunt Transport Services is evident.

The Northwest Arkansas MSA (Fayetteville-Springdale-Rogers) is ranked No. 7

(out of 18 regions) that will see the most economic growth in 2016. Its

economy, in 2014, grew 3.8 percent in 2013. It has been projected to grow at

4.2 percent annually between 2013 and 2020, making it one of the top

metropolitan areas in the nation. The region’s “gross metropolitan Product”

ranked No. 3 for the 2013-2020 projection period, behind Austin, TX at 4.4

percent and Raleigh, NC at 4.3 percent.

The Northwest Arkansas MSA reached a population of 500,000 in May 2014.

The region has added 24 people a day since the U.S. Census. The area has

more than doubled in population since 1990. The significance of reaching this

milestone is that many companies use the 500,000 population benchmark as

an early way to narrow down a list of locations for relocation or expansion

purposes.

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Location mapRaising cane’s

4200 West Walnut St, Rogers, AR

9

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Location mapRaising cane’s

4200 West Walnut St, Rogers, AR

10

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2016 Est. Labor Population Age 16 Years or Over 3,630 38,221 79,985

2016 Est. Civilian Employed 59.1% 62.1% 65.0%

2016 Est. Civilian Unemployed 3.0% 2.4% 2.3%

2016 Est. in Armed Forces 0.1% - 0.1%

2016 Est. not in Labor Force 37.8% 35.4% 32.7%

2016 Labor Force Males 48.5% 48.4% 48.6%

2016 Labor Force Females 51.5% 51.6% 51.4%

2010 Occupation: Population Age 16 Years or Over 2,116 21,890 42,846

2010 Mgmt, Business, & Financial Operations 18.0% 16.1% 17.8%

2010 Professional, Related 15.9% 18.2% 18.3%

2010 Service 14.4% 16.7% 15.7%

2010 Sales, Office 30.6% 26.0% 24.5%

2010 Farming, Fishing, Forestry 0.4% 0.4% 0.5%

2010 Construction, Extraction, Maintenance 3.9% 8.2% 8.6%

2010 Production, Transport, Material Moving 16.9% 14.4% 14.7%

2010 White Collar Workers 64.4% 60.3% 60.5%

2010 Blue Collar Workers 35.6% 39.7% 39.5%

2010 Drive to Work Alone 79.4% 80.4% 80.1%

2010 Drive to Work in Carpool 11.4% 11.5% 11.9%

2010 Travel to Work by Public Transportation 0.1% 0.2% 0.2%

2010 Drive to Work on Motorcycle 0.1% 0.4% 0.3%

2010 Walk or Bicycle to Work 3.1% 2.4% 2.6%

2010 Other Means 1.5% 2.2% 2.0%

2010 Work at Home 4.4% 2.9% 2.9%

2010 Travel to Work in 14 Minutes or Less 46.1% 44.5% 41.2%

2010 Travel to Work in 15 to 29 Minutes 42.6% 41.1% 42.7%

2010 Travel to Work in 30 to 59 Minutes 10.2% 12.9% 14.2%

2010 Travel to Work in 60 Minutes or More 1.2% 1.5% 1.8%

2010 Average Travel Time to Work 14.4 15.1 16.1

2016 Est. Total Household Expenditure $108 M $1.13 B $2.50 B

2016 Est. Apparel $3.79 M $39.5 M $87.8 M

2016 Est. Contributions, Gifts $7.43 M $77.4 M $176 M

2016 Est. Education, Reading $4.22 M $44.2 M $101 M

2016 Est. Entertainment $6.05 M $63.2 M $141 M

2016 Est. Food, Beverages, Tobacco $16.5 M $173 M $379 M

2016 Est. Furnishings, Equipment $3.71 M $38.4 M $86.6 M

2016 Est. Health Care, Insurance $9.42 M $98.9 M $215 M

2016 Est. Household Operations, Shelter, Utilities $33.5 M $350 M $775 M

2016 Est. Miscellaneous Expenses $1.58 M $16.6 M $36.5 M

2016 Est. Personal Care $1.40 M $14.7 M $32.4 M

2016 Est. Transportation $20.5 M $213 M $471 M

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4200 W Walnut St1 mi radius 3 mi radius 5 mi radius

Rogers, AR 72756

2016 Estimated Population 4,662 50,380 107,902

2021 Projected Population 4,895 52,707 112,888

2010 Census Population 4,370 45,420 92,502

2000 Census Population 3,999 35,386 62,903

Projected Annual Growth 2016 to 2021 1.0% 0.9% 0.9%

Historical Annual Growth 2000 to 2016 1.0% 2.6% 4.5%

2016 Estimated Households 1,845 19,857 40,328

2021 Projected Households 2,016 21,622 43,915

2010 Census Households 1,670 17,378 33,600

2000 Census Households 1,481 13,372 23,191

Projected Annual Growth 2016 to 2021 1.9% 1.8% 1.8%

Historical Annual Growth 2000 to 2016 1.5% 3.0% 4.6%

2016 Est. Population Under 10 Years 12.8% 15.0% 16.2%

2016 Est. Population 10 to 19 Years 15.4% 14.9% 15.4%

2016 Est. Population 20 to 29 Years 12.3% 14.0% 13.7%

2016 Est. Population 30 to 44 Years 20.2% 22.2% 23.7%

2016 Est. Population 45 to 59 Years 21.5% 18.0% 17.4%

2016 Est. Population 60 to 74 Years 11.1% 9.9% 9.1%

2016 Est. Population 75 Years or Over 6.6% 6.0% 4.4%

2016 Est. Median Age 36.2 33.6 32.5

2016 Est. Male Population 49.3% 49.2% 49.4%

2016 Est. Female Population 50.7% 50.8% 50.6%

2016 Est. Never Married 26.4% 29.3% 25.6%

2016 Est. Now Married 51.6% 47.8% 52.8%

2016 Est. Separated or Divorced 17.3% 17.1% 16.4%

2016 Est. Widowed 4.6% 5.8% 5.2%

2016 Est. HH Income $200,000 or More 5.9% 6.4% 7.3%

2016 Est. HH Income $150,000 to $199,999 5.9% 4.2% 5.9%

2016 Est. HH Income $100,000 to $149,999 12.5% 10.1% 13.8%

2016 Est. HH Income $75,000 to $99,999 12.8% 11.1% 12.4%

2016 Est. HH Income $50,000 to $74,999 20.0% 18.5% 18.6%

2016 Est. HH Income $35,000 to $49,999 17.2% 16.0% 14.8%

2016 Est. HH Income $25,000 to $34,999 8.7% 11.6% 9.7%

2016 Est. HH Income $15,000 to $24,999 8.0% 11.0% 8.7%

2016 Est. HH Income Under $15,000 9.0% 11.2% 8.8%

2016 Est. Average Household Income $76,709 $74,971 $84,616

2016 Est. Median Household Income $60,937 $56,913 $67,686

2016 Est. Per Capita Income $30,408 $29,620 $31,666

2016 Est. Total Businesses 313 3,429 5,390

2016 Est. Total Employees 7,234 71,398 93,255

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DemographicsRaising Cane’s

4200 West Walnut St, Rogers, AR

11

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