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Little Caesars | High Sales Location 190 E Us Highway 77 1,472 SF Retail Building San Benito, TX 78586 $1,701,563 ($1,155.95/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 190 E US Hwy 77, San Benito, TX 78586. The property features a drive-thru and consists of roughly 1,472 rentable square feet of building space on an estimated 0.34-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 $95,288 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
1,472 SF
Building Class
C
Year Built
1980
Price
$1,701,563
Price Per SF
$1,155.95
Cap Rate
5.60%
NOI
$95,288
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.34 AC
Zoning
A-C
Frontage
50’ on BUSINESS 77 TRL
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 570030-0350-013000 | Improvements Assessment | $232,275 |
| Land Assessment | $83,250 | Total Assessment | $315,525 |
PROPERTY TAXES
Parcel Number
570030-0350-013000
Land Assessment
$83,250
Improvements Assessment
$232,275
Total Assessment
$315,525
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Little Caesars | High Sales Location | 190 E Us Highway 77
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