Raising Cane's

Investment Overview

Mid-America Real Estate – Wisconsin, LLC, in cooperation with Anchor-Associates, have been retained on behalf of ownership to exclusively market for sale a freestanding, corporate guaranteed Raising Cane's located in Loveland, Ohio. The property is strategically positioned along Montgomery Road immediately east of the Fields Ertel Road interchange with Interstate 71, the dominant retail node serving northeast Cincinnati, while benefiting from exceptional visibility, accessibility, and surrounding retail synergy. The site is positioned as an outlot to Meijer, one of the region's dominant grocery operators generating consistent daily consumer traffic throughout the corridor. The surrounding trade area is further supported by a substantial daytime population exceeding 162,000 within five miles and a dense concentration of national retail, including Costco, Kings Auto Mall, LongHorn Steakhouse, Taco Bell, Penn Station, Jet's Pizza, and Little Caesars. Combined traffic across Montgomery Road, Fields Ertel Road, and Interstate 71 approaches 150,000 vehicles per day. This Raising Cane's location benefits from established commuter traffic patterns, exceptionally affluent surrounding residential neighborhoods, and a growing regional consumer base that continues to drive long term retail demand throughout the northeast Cincinnati market.

Investment Highlights

• CORPORATE GUARANTEED ABSOLUTE NNN LEASE - The lease is guaranteed by Raising Cane's Restaurants, LLC, one of the largest privately held restaurant companies in the United States, operating in more than 40 states. Tenant is responsible for taxes, insurance, common area maintenance, roof, structure, parking lot, and all repair and replacement obligations, providing ownership with a fully passive position and no capital exposure through the term.
• FEE SIMPLE OWNERSHIP OF LAND AND BUILDING - The property is offered in fee simple, conveying ownership of both the land and the improvements, providing investors with residual real estate value at expiration and depreciation benefits throughout ownership in addition to the income stream provided by the lease.
• SECOND HIGHEST AUVs IN THE QSR SECTOR - Raising Cane's generates the second highest average unit volumes in the quick service sector, trailing only Chick-fil-A, with system average unit volumes exceeding $6.5 million per location, providing substantial rent coverage and reinforcing long term site viability.
• ESTABLISHED OPERATING HISTORY SINCE 2018 - Raising Cane's has operated at this location since 2018, demonstrating long term site viability and continued tenant commitment through a full economic cycle.
• SCHEDULED RENT INCREASE IN MARCH 2028 - Base rent increases 10% in March 2028 to $272,250, growing the cap rate from 5.05% to 5.56% at the asking price. The increase falls within a typical hold period and is achieved with no leasing cost, downtime, or landlord obligation.
• AFFLUENT AND EDUCATED TRADE AREA - The property is supported by an average household income of $176,574 within five miles and $181,116 within three miles, significantly exceeding both metropolitan and state averages, with approximately half of Loveland's adult population holding a bachelor's degree or higher.
• STRATEGIC LOCATION WITHIN THE CINCINNATI MSA - Positioned approximately eighteen miles northeast of downtown Cincinnati along Interstate 71 in Warren County, one of the fastest growing counties in Ohio, supporting continued residential growth, commuter traffic, and sustained retail demand throughout the market.