190 E Us Highway 77 - Fast Food FOR SALE


San Benito, TX 78586
$1,701,563 USD
203-887-8797
190 E Us Highway 77, San Benito, TX for Sale
$1,701,563 USD
Fast Food - FOR SALE
1/3
null | 5.6% Cap Rate

190 E Us Highway 77
San Benito, TX 78586


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 190 E US Hwy 77, San Benito, TX 78586. The property features a drive-thru and consists of roughly 1,472 rentable square feet of building space on an estimated 0.34-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

$1,156 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

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,000 SF

ZONING

A-C

APN/PARCEL ID

570030-0350-013000

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.