1100 N Lamesa Rd - Freestanding FOR SALE


Midland, TX 79701
$2,000,000 USD
332-345-4222
1100 N Lamesa Rd, Midland, TX for Sale
$2,000,000 USD
Freestanding - FOR SALE
1/2
null | 5.75% Cap Rate

1100 N Lamesa Rd
Midland, TX 79701


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$571 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little Caesars

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

-

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,239 SF

ZONING

LR2

APN/PARCEL ID

R000020-908

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.