NAI Legacy has completed the sale of a retail property at 3065 White Bear Ave. in Maplewood, Minnesota. The new-construction, single-tenant property was ground-leased to Raising Cane’s Chicken Fingers at the Maplewood Mall for 15-plus years.
The American fast-food restaurant chain specializing in chicken fingers was founded in 1996 in Raton Rouge, Louisiana. The company has since expanded to more than 600 locations across the United States with more than 3,100 employees.
The private company brought in $1.5 billion in revenue in 2020.
Michael Houge of NAI Legacy represented the seller, and Ken Tsukahara from Colliers represented the California based investor.
