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Little Caesars | High Sales Location 1142 E Main St 883 SF Retail Building Alice, TX 78332 $1,340,625 ($1,518.26/SF) 5.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Absolute Triple Net Lease with No Landlord Responsibilities
- Strong Tenant and Franchisee Guarantee from Sizzling Caesars LLC
- Attractive Rental Increases
- Bain Capital Acquires Sizzling Platter
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Little Caesars located at 1142 E Main St, Alice, TX 78332. The site consists of roughly 883 rentable square feet of building space on an estimated 0.41-acre parcel of land. This Little Caesars is subject to a 20-year Triple Net (NNN) lease, which commenced 9/16/2021. The current annual rent is $75,075 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
883 SF
Building Class
C
Year Built
1991
Price
$1,340,625
Price Per SF
$1,518.26
Cap Rate
5.60%
NOI
$75,075
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.41 AC
Frontage
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12850-105-000-00 | Improvements Assessment | $90,935 |
| Land Assessment | $122,350 | Total Assessment | $213,285 |
PROPERTY TAXES
Parcel Number
12850-105-000-00
Land Assessment
$122,350
Improvements Assessment
$90,935
Total Assessment
$213,285
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Little Caesars | High Sales Location | 1142 E Main St
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