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Little Caesars 1624 E University Dr 1,590 SF Retail Building Edinburg, TX 78542 $2,184,918 CAD ($1,374.16 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Franchisee Guarantee from Sizzling Caesar LLC
- Dense Trade Area and Household Income Suited for Fast Casual Dining
- Long-Term 20-Year NNN Sale-Leaseback
- Bain Capital Acquires Sizzling Platter
- Surrounded by Major Retail & QSR Tenants All in the 90th Percentile via Placer.ai
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Little Caesars located at 1624 East University, Edinburg, TX 78542. The site consists of roughly 1,590 rentable square feet of building space on an estimated 0.33-acre parcel of land. This Little Caesars is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $90,000 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
1,590 SF
Building Class
C
Year Built
2025
Construction Status
Under Construction
Price
$2,184,918 CAD
Price Per SF
$1,374.16 CAD
Cap Rate
5.75%
NOI
$125,633 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.16 AC
Zoning
CO
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | V3400-00-003-0001-00 | Improvements Assessment | $40,826 CAD |
| Land Assessment | $69,377 CAD | Total Assessment | $110,204 CAD |
PROPERTY TAXES
Parcel Number
V3400-00-003-0001-00
Land Assessment
$69,377 CAD
Improvements Assessment
$40,826 CAD
Total Assessment
$110,204 CAD
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Little Caesars | 1624 E University Dr
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