3460 Virginia Ave - Fast Food FOR SALE
Collinsville, VA 24078 |
$1,178,282 USD
512-768-0380
3460 Virginia Ave
Collinsville, VA 24078
HIGHLIGHTS
- Operated by Aces Pizza, one of the nation's largest Little Caesars franchisees, with over 82 locations across four states.
- 4.2 years remaining on a Triple Net (NNN) Lease with zero landlord responsibilities.
- 2% annual rent increases, providing for a healthy hedge against inflation.
- Top 5% Little Caesars store in the country, according to Placer.ai.
- Little Caesars is the third-largest pizza chain by total sales in the U.S., only behind Domino's and Pizza Hut.
- Located on Collinsville's main thoroughfare, Virginia Avenue, which sees an average of 22,000+ vehicles per day.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 1,712 SF Little Caesars located at 3460 Virginia Avenue in Collinsville, VA. The property features 4.2 years remaining on a Triple Net (NNN) Lease with zero landlord responsibilities, along with 2% annual rent increases that provide a strong hedge against inflation. This offering presents a rare opportunity to acquire a stable, passive investment backed by a nationally recognized tenant.
In Cooperation With Sands Investment Group, Inc - Lic. ##0226037527 BoR: Tom Gorman - Lic. VA #0225269275
FOR SALE DETAILS
PRICE
$1,178,282 USD
PRICE/SF
$688 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Little Caesars - Collinsville, VA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.41 AC
LAND SF
17,860 SF
ZONING
B1
APN/PARCEL ID
146200005
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512-768-0380
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512-768-0380
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