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Raising Cane's 3820 Race Rd 2,851 SF Retail Building Cincinnati, OH 45211 $3,432,000 ($1,203.79/SF) 4.75% Cap Rate
Investment Highlights
- Corporate Raising Cane's Lease – Established Brand – 15-Year Lease – 850+ Locations Across 43 States
- Strong-Performing Location – 2.9% Rent-to-Sales Ratio (Est.) – #1 Visited Raising Cane’s Location in 10-mile radius (Source: Placer.ai)
- Strong Population Density in Cincinnati MSA – 5-Mile Population over 212,000 – Proximity to Cincinnati/Northern Kentucky International Airport
- Absolute NNN Lease – Zero Landlord Responsibilities – Scheduled Rent Increases
- High-Density Retail Corridor Along Race Road/Glenway Ave – Hard Corner Signalized Intersection – Surrounded by Shopping Centers, Hospitals, and School
Executive Summary
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.
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.
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.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
2,851 SF
Year Built
2019
Price
$3,432,000
Price Per SF
$1,203.79
Cap Rate
4.75%
NOI
$163,020
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.27 AC
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Moderately drivable
70/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 13
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Raising Cane's | 3820 Race Rd
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