NS Retail Holdings LLC, an affiliate of NetStreit Corp. of Dallas, bought the 3,030-SF Raising Cane’s Chicken Fingers restaurant at 7501 Rogers Ave. in Fort Smith for $4.75 million on Jan. 31.
The seller was Armstrong Fort Smith LLC.
Mason Lewis, Alan Cole and Lee Strother of Colliers International Arkansas represented the seller. The buyer was represented by Bear Equities of Dallas.
“This purchase is a fantastic investment opportunity for the buyer,” Cole said. “The restaurant is in a perfect location along Rogers Avenue and, with single-tenant long-term occupancy, we knew it would sell quickly. Our firm is beyond pleased to have had the opportunity to represent the seller in the transaction.”
Based in Baton Rouge, Louisiana, Raising Cane’s is a fast-food restaurant specializing in chicken fingers. The chain currently has five locations in Arkansas.