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Little Caesars | High Sales Location 1410 S Closner Blvd 1,626 SF Retail Building Edinburg, TX 78539 $2,358,026 CAD ($1,450.20 CAD/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 1410 S Closner Blvd, Edinburg, TX 78539. The property features a drive-thru and consists of roughly 1,626 rentable square feet of building space on an estimated 0.39-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
1,626 SF
Year Built
1992
Price
$2,358,026 CAD
Price Per SF
$1,450.20 CAD
Cap Rate
5.60%
NOI
$132,050 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.39 AC
Frontage
123’ on Closner Blvd
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | C8750-00-013-0019-00 | Improvements Assessment | $230,514 CAD |
| Land Assessment | $225,635 CAD | Total Assessment | $456,149 CAD |
PROPERTY TAXES
Parcel Number
C8750-00-013-0019-00
Land Assessment
$225,635 CAD
Improvements Assessment
$230,514 CAD
Total Assessment
$456,149 CAD
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Little Caesars | High Sales Location | 1410 S Closner Blvd
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