Raising Cane's

Alpha Real Estate Advisors is pleased to offer a corporately guaranteed Raising Cane’s in Rocky River, OH, part of the Cleveland MSA. Built in 2020, this 3,418 SF property features an absolute NNN lease with nearly a decade of term remaining, five renewal options, and scheduled 10% rent increases every five years.

Positioned along the busy Center Ridge Road Corridor with ±29,000 vehicles per day, the site enjoys excellent visibility, strong co-tenancy with national retailers, and direct access to an affluent suburban community. Rocky River boasts median household incomes near $94,000, high home values, and proximity to Downtown Cleveland, creating a powerful demand driver for Raising Cane’s—one of the fastest-growing quick-service brands in the U.S. with nearly 900 locations nationwide.

Investment Highlights

• Absolute NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM) making this an ideal investment for investors seeking true passive incoming producing assets with zero landlord responsibilities.
• Prior Franchise Store. Now Corporate - Back in 2021, Franchisee sold their interests directly to Raising Canes Corporate due to their robust operations and much anticipated continuous success at this location.
• Long Term Lease - Tenant has just under 9.5 years remaining with 5, 5-Year option periods.
• Healthy Rental Increases - Property has 10% increases every 5 years supporting a strong hedge towards inflation.
• Premier Retail Location - Strategically positioned amongst the nation’s top retailers including Home Depot, Kohl’s, Petco, ALDI, Target, Kohls, Planet Fitness, Chick fil-A, Longhorn Steakhouse, Panda Express, and Lowe’s conveying, strong co-tenancy, and a rapidly expanding local market.
• Excellent Visibility - Ideally positioned having two points of ingress/egress allowing for ideal customer access providing high visibility and easy access to a dense and affluent customer base.

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