Little Caesars | 4yrs Remain Abs NNN | DrThru 724 Highway 53 East SE
1,985 SF Retail Building Calhoun, GA 30701 $1,515,416 CAD ($763.43 CAD/SF) 5.80% Cap Rate
INVESTMENT HIGHLIGHTS
- 4+ Years Remaining | Scheduled Rental Increases | Absolute NNN | Franchisee Guaranteed Lease | Well-Known & Established Brand
- Direct Residential Consumer Base
- Located Along Highway 53 | Centralized Location | Dense Retail Trade Area | Drive-Thru Equipped Store
EXECUTIVE SUMMARY
• The tenant has over 4 years of firm term remaining with an additional 5 (5-year) option periods left to extend
• The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
• The lease is absolute NNN and is guaranteed by an established franchisee
• Founded in 1959, Little Caesars is among the largest pizza chains in the world with over 4,200 operating locations throughout 29 countries and territories
• The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
• The lease is absolute NNN and is guaranteed by an established franchisee
• Founded in 1959, Little Caesars is among the largest pizza chains in the world with over 4,200 operating locations throughout 29 countries and territories
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,985 SF
Building Class
C
Year Built/Renovated
1983/2003
Price
$1,515,416 CAD
Price Per SF
$763.43 CAD
Cap Rate
5.80%
NOI
$87,917 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.61 AC
Zoning
C-2 - Other Business
Parking
23 Spaces (11.59 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Restaurant
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | C72 - -002 | Improvements Assessment | $90,454 CAD |
| Land Assessment | $154,987 CAD | Total Assessment | $245,441 CAD |
