3820 Race Rd - Retail FOR SALE


Cincinnati, OH 45211- Bridgetown North
$3,432,000 USD
760-448-2449
3820 Race Rd, Cincinnati, OH for Sale
$3,432,000 USD
Retail - FOR SALE
1/12
null | 4.75% Cap Rate

3820 Race Rd
Cincinnati, OH 45211
Bridgetown North


HIGHLIGHTS

  • Corporate Raising Cane's Lease – Established Brand – 15-Year Lease – 850+ Locations Across 43 States
  • Absolute NNN Lease – Zero Landlord Responsibilities – Scheduled Rent Increases
  • Strong-Performing Location – 2.9% Rent-to-Sales Ratio (Est.) – #1 Visited Raising Cane’s Location in 10-mile radius (Source: Placer.ai)
  • High-Density Retail Corridor Along Race Road/Glenway Ave – Hard Corner Signalized Intersection – Surrounded by Shopping Centers, Hospitals, and School
  • Strong Population Density in Cincinnati MSA – 5-Mile Population over 212,000 – Proximity to Cincinnati/Northern Kentucky International Airport

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,432,000 USD

PRICE/SF

$1,204 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane's

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

-

APN/PARCEL ID

550-0121-0688

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.