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1415 6th Ave SE
Decatur, AL 35601
Little Caesar's · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease With Zero Landlord Responsibilities - Tenant Is Responsible For All Taxes, Insurance, CAM, Roof, And Structure
- Strong National Credit Tenant – Little Caesars Is The Third-Largest Pizza Chain In The U.S. With Over 5,463 Locations Worldwide
- Drive-Thru Equipped Location – Property Features A Drive-Thru Component, Enhancing Customer Convenience, and Increasing Sales Volume
- Long-Term Lease Security With Options - 10 Years Remaining On The Lease Including Two (2) Five-Year Renewal Options
- Rent Growth Built In - Lease Features 7.5% Rental Increases Every 5 Years, Offering Predictable Income Growth And A Hedge Against Inflation
- Located In A High Traffic Area - 30,000+ Vehicles Pass The Site Every Day
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
1,560 SF
Building Class
C
Year Built
2015
Price
$830,160 CAD
Price Per SF
$532.15 CAD
Cap Rate
7%
NOI
$58,111 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.48 AC
Property Taxes
| Parcel Number | 03-09-29-2-019-010.000 | Improvements Assessment | $116,097 CAD |
| Land Assessment | $48,575 CAD | Total Assessment | $164,672 CAD |
Property Taxes
Parcel Number
03-09-29-2-019-010.000
Land Assessment
$48,575 CAD
Improvements Assessment
$116,097 CAD
Total Assessment
$164,672 CAD
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