Listing Summary
Acquire a corporate-backed Raising Cane’s Absolute NNN lease in Cincinnati, OH. Top-performing drive-thru site with ~7.8 yrs left, built-in rent bumps, & strong sales.
Full Description
Exceptional Single-Tenant Absolute NNN Investment in Cincinnati, Ohio
This prime real estate offering represents the exclusive opportunity to acquire a fee-simple interest in a freestanding, single-tenant Raising Cane’s located at 3820 Race Road in Cincinnati, Ohio. Constructed in 2019, the modern 2,851-square-foot quick-service restaurant (QSR) features a high-throughput drive-thru and sits on a generous 1.27-acre parcel. The property is 100% leased to Raising Cane’s Restaurants, LLC under a corporate-guaranteed Absolute NNN lease, providing commercial real estate investors with true passive ownership and zero landlord responsibilities.
Flagship Corporate Credit Tenant & Top-Performing Location
Raising Cane’s is one of the fastest-growing and highest-grossing QSR brands in the nation, boasting nearly 1,000 locations nationwide and over $5 billion in annual systemwide sales.
This specific site represents an elite operational asset within the network:
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Top-Ranked Store Performance: Ranks as the #1 most-visited Raising Cane’s within a 10-mile radius, driving immense foot traffic and brand equity in the submarket.
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Low Rent-to-Sales Ratio: Features a highly healthy rent-to-sales metric, ensuring long-term tenant profitability, operational stability, and strong store-level revenue.
Inflation-Protected Cash Flow & Long-Term Lease Structure
Structured for steady income growth and wealth preservation, the existing lease terms provide:
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~7.8 Years Remaining on the primary lease term.
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5% Rental Increases continuing throughout the primary term.
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10% Rental Increases in each of the five 5-year renewal options, providing investors with an ongoing hedge against inflation.
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Zero Landlord Obligations: Under the Absolute NNN structure, the tenant manages and pays for all real estate taxes, insurance, building maintenance, roof, and structure.
High-Visibility Signalized Corner in a Dense Retail Corridor
The property is strategically situated at the hard, signalized intersection of Race Road and Bridgetown Road, commanding exceptional visibility and effortless ingress/egress. Combined daily traffic counts at this intersection exceed 30,000 vehicles per day.
The site sits in the heart of a dominant regional retail corridor surrounded by elite national anchors:
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Major Retail Anchors: Kroger, Target, Walmart Supercenter, The Home Depot, and Lowe’s.
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Continuous Consumer Draw: Nestled among high-volume daily-needs shopping centers that draw shoppers from across the west Cincinnati trade area.
Dominant Suburban Demographics & Strong Economic Drivers
Located just 12 miles from downtown Cincinnati, the property benefits from a dense, mature suburban demographic base within a metropolitan area of over 2.3 million residents:
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5-Mile Population: Over 212,000 residents reside within a 5-mile radius.
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Affluent Household Incomes: Average annual household income within five miles exceeds $92,000.
Supported by strong real estate fundamentals, high-volume store sales, corporate credit, and zero landlord duties, this Raising Cane’s asset stands out as a premier net-leased investment in a resilient Midwest market.
Quick Glance
- Listing ID:
CL-Ohio-28113
- Status:
Active
- Year Build:
2019
- Building Size:
2,851 SqFt
- Lot Size:
1 Acr
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