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Little Caesars 810 Morgan Blvd 1,600 SF Retail Building Harlingen, TX 78550 $402,000 ($251.25/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 4+ Years Remaining on Double-Net (NN) Lease
- 90,480 Residents within a 5-Mile Radius - Households and Population Projected to Increase Approx. 1-4% in the Surrounding Area by 2029
- Little Caesars Has Stores in Each of the 50 U.S. States, as well as 27 Countries and Territories
- 7.5% Rent Increase in January 2027, and 15% Rent Increase in Option Period
- Drive-Thru Location
- Visible to Nearly 25,000 Cars Per Day Near the Intersections of Morgan Blvd and N 77 Sunshine Strip
EXECUTIVE SUMMARY
Marucs & Millichap is pleased to present for sale Little Caesars in Harlingen, Texas. Headquartered in Detroit, Michigan, Little Caesars was founded in 1959 as a single, family owned restaurant. Today, Little Caesars is the third-largest pizza chain in the world, with stores in each of the 50 U.S. states and 27 countries and territories. As the largest carryout-only pizza chain in the United States, Little Caesars is known for its HOT-N-READY pizza and famed Crazy Bread.
Sizzling Platter is a prominent restaurant management company founded in 1963, headquartered in Salt Lake City, Utah. It operates over 750 franchise locations across the United States and Mexico, encompassing brands such as Little Caesars, Jamba, Wingstop, Dunkin’, Jersey Mike’s, Cinnabon, Red Robin, and Sizzler.
Harlingen is a principal city of the Brownsville–Harlingen metropolitan area, and is located in Cameron County in the central region of the Rio Grande Valley of the southern part of the U.S. state of Texas, about 30 miles (48 km) from the coast of the Gulf of Mexico. Geographically located in the center of the Rio Grande Valley, Harlingen’s strategic location at the intersection of U.S. Route 77 and U.S. Route 83, co-designated as Interstate 69 East and Interstate 2, respectively, has fostered its development as a distribution, shipping, and industrial center.
Sizzling Platter is a prominent restaurant management company founded in 1963, headquartered in Salt Lake City, Utah. It operates over 750 franchise locations across the United States and Mexico, encompassing brands such as Little Caesars, Jamba, Wingstop, Dunkin’, Jersey Mike’s, Cinnabon, Red Robin, and Sizzler.
Harlingen is a principal city of the Brownsville–Harlingen metropolitan area, and is located in Cameron County in the central region of the Rio Grande Valley of the southern part of the U.S. state of Texas, about 30 miles (48 km) from the coast of the Gulf of Mexico. Geographically located in the center of the Rio Grande Valley, Harlingen’s strategic location at the intersection of U.S. Route 77 and U.S. Route 83, co-designated as Interstate 69 East and Interstate 2, respectively, has fostered its development as a distribution, shipping, and industrial center.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
C
Year Built
1971
Price
$402,000
Price Per SF
$251.25
Cap Rate
6.50%
NOI
$26,145
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
C
Frontage
100’ on Morgan Blvd
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $241,818 | |
| Land Assessment | $103,250 | Total Assessment | $345,068 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$103,250
Improvements Assessment
$241,818
Total Assessment
$345,068
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Little Caesars | 810 Morgan Blvd
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