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Little Caesars 1409 Woodward Ave 2,296 SF Retail Building Muscle Shoals, AL 35661 $740,000 ($322.30/SF) 6.76% Cap Rate
Investment Highlights
- Absolute NNN Lease with Zero Landlord Responsibilities - Tenant is responsible for all taxes, insurance, CAM, roof, and structure
- Attractive 4.3% Rent-to-Sales Ratio – Favorable rent coverage demonstrates strong unit-level performance and long-term occupancy sustainability
- Drive-Thru Equipped Location – Property features a drive-thru component, enhancing customer convenience, and increasing sales volume
- Strong National Credit Tenant – Little Caesars is the third-largest pizza chain in the U.S. with over 5,463 locations worldwide
- Annual Rent Growth Built In - Lease features 1.5% annual rental increases, offering predictable income growth and a hedge against inflation
- Long-Term Lease Security with Options - Lease includes two (2) five-year renewal options, extending long-term income potential beyond the initial term
Executive Summary
Absolute NNN Lease with Zero Landlord Responsibilities - Tenant is responsible for all taxes, insurance, CAM, roof, and structure, providing a truly passive investment structure
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,296 SF
Year Built
1985
Price
$740,000
Price Per SF
$322.30
Cap Rate
6.76%
NOI
$50,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.25 AC
Frontage
90’ on Woodward Ave
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-07-35-3-005-006.000 | Improvements Assessment | $40,760 |
| Land Assessment | $19,280 | Total Assessment | $60,040 |
Property Taxes
Parcel Number
07-07-35-3-005-006.000
Land Assessment
$19,280
Improvements Assessment
$40,760
Total Assessment
$60,040
Contacts
-
Deno Bistolarides -
Ramzy Kizy -
Brandon Kassab -
Encore Real Estate Investment Services
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Little Caesars | 1409 Woodward Ave
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