1410 S Closner Blvd - Fast Food FOR SALE


Edinburg, TX 78539
$1,701,563 USD
203-887-8797
1410 S Closner Blvd, Edinburg, TX for Sale
$1,701,563 USD
Fast Food - FOR SALE
1/3
null | 5.6% Cap Rate

1410 S Closner Blvd
Edinburg, TX 78539


HIGHLIGHTS

  • Long Term Absolute Triple Net Lease with No Landlord Responsibilities
  • Attractive Rental Increases
  • Strong Tenant and Franchisee Guarantee from Sizzling Caesars LLC
  • Bain Capital Acquires Sizzling Platter

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,701,563 USD

PRICE/SF

$1,046 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little Caesars | High Sales Location

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,067 SF

ZONING

-

APN/PARCEL ID

C8750-00-013-0019-00

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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