Raising Cane’s | Corporate Abs-NNN Lease | High Performing Location
3820 Race Road, Cincinnati, OH 45211
Price: $3,432,000
Status: Available
Cap Rate: 4.75%
Year Built: 2019
NOI: $163,000
Lot Size: 1.27 acres
Price Per Foot: $1,203
Lease Type: Absolute Triple-Net (NNN)
Remaining Term: 7.8 Years
GLA: 2,851 sqft
Property Intro
This offering represents the opportunity to acquire a fee simple interest in a single-tenant Raising Cane’s located at 3820 Race Road in Cincinnati, Ohio. The asset consists of a 2,851 square foot freestanding quick service restaurant with a drive-thru, situated on a 1.27-acre parcel and constructed in 2019. The property is 100% leased to Raising Cane’s Restaurants, LLC under a corporate guaranteed absolute NNN lease, providing passive ownership with zero landlord responsibilities.
Raising Cane’s is a nationally recognized QSR brand with more than 900 locations and over $5 billion in annual systemwide sales. The lease features approximately 7.8 years of remaining term with 5% rental increases throughout the primary term and 10% increases in each of the five renewal options. The subject property is a top-performing location, ranking as the most visited Raising Cane’s within a 10-mile radius and benefiting from a low rent-to-sales ratio, supporting long-term tenant profitability and operational stability.
Strategically positioned at the signalized intersection of Race Road and Bridgetown Road, the property sits within a dense retail corridor anchored by major national tenants including Kroger, Target, Walmart, Home Depot, and Lowe’s. The site benefits from strong traffic counts exceeding 30,000 vehicles per day and is surrounded by a dense residential population of over 212,000 people within a five-mile radius, with average household incomes exceeding $92,000. Located just 12 miles from downtown Cincinnati within a metro of over 2.3 million residents, the property is well positioned within a growing and economically diverse market that supports sustained consumer demand.