Raising Cane's — Sale in Wausau, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Wausau, WI 54401

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Investment Figures

Cap rate
5.00%

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

Marcus & Millichap is pleased to offer for sale the fee-simple interest in a brand-new, 2,913-square-foot Raising Cane’s Chicken Fingers located in Wausau, WI. Raising Cane’s Restaurants LLC will occupy the property under a new 20-year triple-net ground lease featuring 7.5 percent rent increases every five years during the initial term and 10 five-year renewal options. Construction is slated for completion in September 2026, and the modern building will feature two drive-through lanes. Raising Cane’s sits on a busy street in the middle of Wausau’s prominent commercial corridor. The location is conveniently situated next to national tenant brands such as Five Guys, TJ Maxx, Best Buy, Michaels, Hobby Lobby, Ulta Beauty, Old Navy, Olive Garden, Kohl’s, and Barnes & Noble. Rib Mountain Drive has seen significant recent development, including a 7 Brew that opened in fall 2025, a Chipotle in August 2025, and a new-construction Chick-fil-A that opened in 2026, with a Target and additional new development anticipated to further activate the corridor. Located just 15 minutes from Central Wisconsin Airport (CWA) in Mosinee, WI, the property benefits from convenient access to daily nonstop commercial flights to Chicago O’Hare via American Airlines and to Minneapolis via Delta, connecting the trade area directly to major national and international hubs. Founded in 1996 in Baton R ouge, LA, by Todd Graves, Raising Cane’s Chicken Fingers has grown to more than 975 restaurants nationwide, generating over $5 billion in annual systemwide sales as the third-largest quick-service chicken chain in the country. The brand remains privately held under founder and CEO Todd Graves, with a continued focus on aggressive unit growth and strong same-store sales performance across its footprint. In addition to contractual rent increases to offset inflation, this property offers an investor the opportunity to own a corporate-backed, triple-net ground lease with no landlord responsibilities on a s

Market Context

This food service in Wausau, WI is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Wausau, WI — view the full market.

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