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Little Caesars 1100 N Lamesa Rd 3,500 SF Retail Building Midland, TX 79701 $2,791,840 CAD ($797.67 CAD/SF) 5.75% Cap Rate
EXECUTIVE SUMMARY
Strong Franchisee Guarantee from Sizzling Caesar LLC | This investment is backed by Sizzling Cesar LLC, a subsidiary of Sizzling Platter, a proven multi-unit restaurant operator with a strong track record on the franchise industry incorporating over 400 units. With a sturdy portfolio of over 750 locations across the U.S. and Mexico, including approximately 450 Little Caesars restaurants, bringing financial stability and operational experience.
Bain Capital Acquires Sizzling Platter | Sizzling Platter, one of the largest multi-brand restaurant franchise platforms with over 400 Little Caesar locations, has been acquired by Bain Capital in a deal valued at over $1 billion, including debt. This strategic partnership reflects Bain's commitment to scaling high performance franchise operations and enhances the overall corporate stability of the lease, providing investors an added layer of confidence in tenant strength and long-term operational execution.
Amongst Fasted Growing Economies in the Country | Midland’s economy is projected to grow by $7.9 billion from 2024 to 2029, with an annual GDP growth rate of 3.8%, outpacing both state and national averages. Fueled by the strength of the Permian Basin, Midland also expects to add nearly 13,000 new jobs, reinforcing its position as a prime market for long-term investment.
Surrounded by National Retailers and Hospitality Options | The property enjoys strong commercial synergy, positioned near major national retailers such as Walmart, Walgreens, Dollar General, McDonald’s, and many more which drive consistent consumer traffic throughout the day. In addition, nearby hotel accommodations including La Quinta Inn, Comfort Inn & Suites, Quality Inn, support daily visitor flow from business travelers and tourists alike, creating increased exposure and demand for surrounding retail and dining establishments.
Bain Capital Acquires Sizzling Platter | Sizzling Platter, one of the largest multi-brand restaurant franchise platforms with over 400 Little Caesar locations, has been acquired by Bain Capital in a deal valued at over $1 billion, including debt. This strategic partnership reflects Bain's commitment to scaling high performance franchise operations and enhances the overall corporate stability of the lease, providing investors an added layer of confidence in tenant strength and long-term operational execution.
Amongst Fasted Growing Economies in the Country | Midland’s economy is projected to grow by $7.9 billion from 2024 to 2029, with an annual GDP growth rate of 3.8%, outpacing both state and national averages. Fueled by the strength of the Permian Basin, Midland also expects to add nearly 13,000 new jobs, reinforcing its position as a prime market for long-term investment.
Surrounded by National Retailers and Hospitality Options | The property enjoys strong commercial synergy, positioned near major national retailers such as Walmart, Walgreens, Dollar General, McDonald’s, and many more which drive consistent consumer traffic throughout the day. In addition, nearby hotel accommodations including La Quinta Inn, Comfort Inn & Suites, Quality Inn, support daily visitor flow from business travelers and tourists alike, creating increased exposure and demand for surrounding retail and dining establishments.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,500 SF
Building Class
C
Year Built
1991
Price
$2,791,840 CAD
Price Per SF
$797.67 CAD
Cap Rate
5.75%
NOI
$160,531 CAD
Tenancy
Single
Building FAR
0.22
Lot Size
0.37 AC
Zoning
LR2
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R000020-908 | Improvements Assessment | $381,098 CAD |
| Land Assessment | $45,613 CAD | Total Assessment | $426,712 CAD |
PROPERTY TAXES
Parcel Number
R000020-908
Land Assessment
$45,613 CAD
Improvements Assessment
$381,098 CAD
Total Assessment
$426,712 CAD
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Little Caesars | 1100 N Lamesa Rd
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