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Little Caesars | Annual Increases 1309 Fort Williams St 1,834 SF Retail Building Sylacauga, AL 35150 $780,000 ($425.30/SF) 6% Cap Rate
Investment Highlights
- Franchise Operated Little Caesars | Recent Extended Lease Term | Annual Rent Growth
- Strong Visibility & Access | Established Retail Corridor
- NN Lease Structure | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Little Caesars franchise location operated by Ampler Pizza (100+ unit operator)
• Tenant exercised an early lease extension, extending the term through September 2032.
• The lease features 2% annual rent increases throughout the base term and options
• Tenant exercised an early lease extension, extending the term through September 2032.
• The lease features 2% annual rent increases throughout the base term and options
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,834 SF
Building Class
B
Year Built/Renovated
2009/2016
Price
$780,000
Price Per SF
$425.30
Cap Rate
6%
NOI
$46,811
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.81 AC
Zoning
B-2 - General Business District
Parking
21 Spaces (11.45 Spaces per 1,000 SF Leased)
Frontage
78’ on Fort Williams St
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Little Caesars began in 1959 when Mike and Marian Ilitch opened the first restaurant in suburban Detroit. The company operates as a pizza restaurant chain and franchisor, with menu offerings that include HOT-N-READY pizzas, Detroit-Style Deep Dish, Crazy Bread, wings, and other sides, along with delivery and carryout ordering. The business continues to grow through franchise development across the United States and in international markets, with continued expansion through multi-unit agreements and new openings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-09-31-2-014-001.002 | Improvements Assessment | $56,420 |
| Land Assessment | $42,300 | Total Assessment | $98,720 |
Property Taxes
Parcel Number
27-09-31-2-014-001.002
Land Assessment
$42,300
Improvements Assessment
$56,420
Total Assessment
$98,720
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