810 Morgan Blvd - Fast Food FOR SALE


Harlingen, TX 78550
$402,000 USD
602-687-6650
810 Morgan Blvd, Harlingen, TX for Sale
$402,000 USD
Fast Food - FOR SALE
1/4
null | 6.5% Cap Rate

810 Morgan Blvd
Harlingen, TX 78550


HIGHLIGHTS

  • 4+ Years Remaining on Double-Net (NN) Lease
  • 7.5% Rent Increase in January 2027, and 15% Rent Increase in Option Period
  • 90,480 Residents within a 5-Mile Radius - Households and Population Projected to Increase Approx. 1-4% in the Surrounding Area by 2029
  • Drive-Thru Location
  • Little Caesars Has Stores in Each of the 50 U.S. States, as well as 27 Countries and Territories
  • Visible to Nearly 25,000 Cars Per Day Near the Intersections of Morgan Blvd and N 77 Sunshine Strip

OVERVIEW

Marucs & Millichap is pleased to present for sale Little Caesars in Harlingen, Texas. Headquartered in Detroit, Michigan, Little Caesars was founded in 1959 as a single, family owned restaurant. Today, Little Caesars is the third-largest pizza chain in the world, with stores in each of the 50 U.S. states and 27 countries and territories. As the largest carryout-only pizza chain in the United States, Little Caesars is known for its HOT-N-READY pizza and famed Crazy Bread. Sizzling Platter is a prominent restaurant management company founded in 1963, headquartered in Salt Lake City, Utah. It operates over 750 franchise locations across the United States and Mexico, encompassing brands such as Little Caesars, Jamba, Wingstop, Dunkin’, Jersey Mike’s, Cinnabon, Red Robin, and Sizzler. Harlingen is a principal city of the Brownsville–Harlingen metropolitan area, and is located in Cameron County in the central region of the Rio Grande Valley of the southern part of the U.S. state of Texas, about 30 miles (48 km) from the coast of the Gulf of Mexico. Geographically located in the center of the Rio Grande Valley, Harlingen’s strategic location at the intersection of U.S. Route 77 and U.S. Route 83, co-designated as Interstate 69 East and Interstate 2, respectively, has fostered its development as a distribution, shipping, and industrial center.

FOR SALE DETAILS

PRICE

$402,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little Caesars

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,500 SF

ZONING

C

APN/PARCEL ID

227120-0000-001000,227150-0010-001000

ASK ABOUT THIS PROPERTY

Zack HouseMarcus & MillichapMore Info
602-687-6650

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

Zack HouseMarcus & MillichapMore Info
602-687-6650

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