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Restaurant

Little Caesars

4525 N State St, Jackson, MS 39206

Listing Price: $1,295,238

Cap Rate
5.25%
Tenant Name
Little Caesars
Gross SF
1,296
Guarantor
Franchisee Guarantee
Rentable SF
1,296
Price/Gross SF
$999.41
Lease Type
Absolute Net
Rent Per Square Feet
$52.47

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Little Caesars located at 4525 N State St in Jackson, MS. The site consists of roughly 1,296 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 $50,000 and is scheduled to increase by ten percent (10%) every 5 years throughout the base term.

Investment Highlights

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

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

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Listing Price: $1,295,238

Cap Rate
5.25%
Tenant Name
Little Caesars
Gross SF
1,296
Guarantor
Franchisee Guarantee
Rentable SF
1,296
Price/Gross SF
$999.41
Lease Type
Absolute Net
Rent Per Square Feet
$52.47

Investment Highlights

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

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Little Caesars located at 4525 N State St in Jackson, MS. The site consists of roughly 1,296 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 $50,000 and is scheduled to increase by ten percent (10%) every 5 years throughout the base term.

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

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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