1401 Latimer Cir - Fast Food FOR SALE


Wilmington, DE 19805
$787,200 USD
248-702-0288
1401 Latimer Cir, Wilmington, DE for Sale
$787,200 USD
Fast Food - FOR SALE
1/5
null | 6.25% Cap Rate

1401 Latimer Cir
Wilmington, DE 19805


HIGHLIGHTS

  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Lease with 5+ Years Remaining on the Term
  • Lease Supports Rental Increases Every 3 Years Throughout the Term and in Each Option
  • Guaranteed by a 40-Unit Operator
  • Little Caesars is the Third Largest Pizza Chain in the United States
  • Situated Just off of Maryland Avenue with 21,400+ Vehicles Per Day

OVERVIEW

Absolute NNN Lease with Zero Landlord Responsibilities Lease with 5+ Years Remaining on the Term Lease Supports Rental Increases Every 3 Years Throughout the Term and in Each Option Guaranteed by a 40-Unit Operator Little Caesars is the Third Largest Pizza Chain in the United States Situated Just off of Maryland Avenue with 21,400+ Vehicles Per Day Population Within a 5-Mile Radius of the Subject Property Exceeds 190,200 | Estimated Population Growth of Over 2% Within the Next Five Years

FOR SALE DETAILS

PRICE

$787,200 USD

PRICE/SF

$562 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little Caesars

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CN

APN/PARCEL ID

07-039.40-369

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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