Restaurant

Little Caesars

616 S White Sands Blvd, Alamogordo, NM 88310

Listing Price: $1,619,048

Cap Rate
5.25%
Tenant Name
Little Caesars
Gross SF
1,910
Guarantor
Franchisee Guarantee
Rentable SF
1,910
Price/Gross SF
$847.67
Lease Type
Absolute Net
Rent Per Square Feet
$44.50

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Little Caesars located at 616 S White Sands Blvd in Alamogordo, NM. The site consists of roughly 1,910 rentable square feet of building space. This Little Caesars is subject to a 20-year triple-net lease that commences upon the close of escrow. The annual rent will be $85,000 and is scheduled to increase by ten percent (10%) every 5 years throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Attractive Rental Increases of Ten Percent (10%) Every Five Years
  • Four, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
  • Long-Term 20-Year Absolute Triple Net (NNN) Lease Commencing Upon the Close of Escrow

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Matt Reeves

    Senior Associate

    License(s): NM: 19583

    New Mexico

Listing Price: $1,619,048

Cap Rate
5.25%
Tenant Name
Little Caesars
Gross SF
1,910
Guarantor
Franchisee Guarantee
Rentable SF
1,910
Price/Gross SF
$847.67
Lease Type
Absolute Net
Rent Per Square Feet
$44.50

Investment Highlights

  • Attractive Rental Increases of Ten Percent (10%) Every Five Years
  • Four, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
  • Long-Term 20-Year Absolute Triple Net (NNN) Lease Commencing Upon the Close of Escrow

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Little Caesars located at 616 S White Sands Blvd in Alamogordo, NM. The site consists of roughly 1,910 rentable square feet of building space. This Little Caesars is subject to a 20-year triple-net lease that commences upon the close of escrow. The annual rent will be $85,000 and is scheduled to increase by ten percent (10%) every 5 years throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Matt Reeves

    Senior Associate

    License(s): NM: 19583

    New Mexico

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