1624 E University Dr - Retail FOR SALE


Edinburg, TX 78542
$1,565,217 USD
516-477-7026
1624 E University Dr, Edinburg, TX for Sale
$1,565,217 USD
Retail - FOR SALE
1/3
null | 5.75% Cap Rate

1624 E University Dr
Edinburg, TX 78542


HIGHLIGHTS

  • Strong Franchisee Guarantee from Sizzling Caesar LLC
  • Bain Capital Acquires Sizzling Platter
  • Dense Trade Area and Household Income Suited for Fast Casual Dining
  • Surrounded by Major Retail & QSR Tenants All in the 90th Percentile via Placer.ai
  • Long-Term 20-Year NNN Sale-Leaseback

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,565,217 USD

PRICE/SF

$984 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little Caesars

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

-

APN/PARCEL ID

V3400-00-003-0001-00

ASK ABOUT THIS PROPERTY

James WesterbergSurmountMore Info
516-477-7026

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James WesterbergSurmountMore Info
516-477-7026

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