Skip to main content

Restaurant

Little Caesar's

1618 N 23rd St, McAllen, TX 78501

Listing Price: $1,571,429

Cap Rate
5.25%
Tenant Name
Little Caesars
Gross SF
1,650
Guarantor
Franchisee Guarantee
Rentable SF
1,650
Price/Gross SF
$952.38
Lease Type
Absolute Net
Rent Per Square Feet
$50.00

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Little Caesars located at 1618 N. 23rd St in McAllen, TX. The site consists of roughly 1,650 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 $82,500 and is scheduled to increase by ten percent (10%) every 5 years throughout the base term. Base rent will reset to FMV in each of the four, five-year option periods.

Investment Highlights

  • Attractive Rental Increases of Ten Percent (10%) Every Five Years
  • Four (4), Five (5)-Year Tenant Renewal Options
  • Strong Franchisee Guarantee | Sizzling Caesars Operates over 300 Little Caesars
  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

Listing Price: $1,571,429

Cap Rate
5.25%
Tenant Name
Little Caesars
Gross SF
1,650
Guarantor
Franchisee Guarantee
Rentable SF
1,650
Price/Gross SF
$952.38
Lease Type
Absolute Net
Rent Per Square Feet
$50.00

Investment Highlights

  • Attractive Rental Increases of Ten Percent (10%) Every Five Years
  • Four (4), Five (5)-Year Tenant Renewal Options
  • Strong Franchisee Guarantee | Sizzling Caesars Operates over 300 Little Caesars
  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Little Caesars located at 1618 N. 23rd St in McAllen, TX. The site consists of roughly 1,650 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 $82,500 and is scheduled to increase by ten percent (10%) every 5 years throughout the base term. Base rent will reset to FMV in each of the four, five-year option periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

MM Texture Background
MM Textured Background Lower