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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 – #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 and Dow
  • 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.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,224 SF
Building Class
B
Year Built
2019
Price
$4,710,351 CAD
Price Per SF
$2,117.96 CAD
Cap Rate
4.75%
NOI
$223,742 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.27 AC
Parking
34 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
335’ on Race Road

Amenities

  • Signage
  • Signalized Intersection
  • Drive Thru

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Raising Cane's began in the mid-1990s as a chicken-finger restaurant concept built by Todd Graves, starting from a limited-menu idea centered on quality chicken finger meals. The company serves cooked-to-order chicken fingers with Cane's Sauce, crinkle-cut fries, Texas toast, coleslaw, freshly squeezed lemonade, and iced tea, and the business also extends into catering, gift cards and gear, and community partnerships. Raising Cane's has grown into a U.S. restaurant chain with a broad footprint and a focus on food service, branded merchandise, and community support programs. The brand's story also includes a dog namesake and a simple restaurant identity built around a narrow menu and a consistent dining experience.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Accommodation and Food Services - - Lorem Ipsum Jan 0000
Fairly walkable
50/100
Moderately drivable
70/100
Minimal public transit
10/100
Fairly bikeable
40/100

Nearby Major Retailers

LaRosa's Pizzeria
Skyline Chili
Steak ‘n Shake
IHOP
First Financial Bank
PNC Bank
Nathan's Famous-delivery Only
Bob Evans Restaurants
U.S. Bank
Orangetheory Fitness

Property Taxes

Property Taxes

Parcel Number
550-0121-0688
Land Assessment
$243,447 CAD
Improvements Assessment
$279,878 CAD
Total Assessment
$523,324 CAD
  • Listing ID: 39887020

  • Date on Market: 2026-03-24

  • Last Updated:

  • Address: 3818 Race Rd, Cincinnati, OH 45248

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