Net leased freestanding Little Caesars

Retail-Commercial for Sale
Catylist Listing ID: 30237124
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad
Building Size (RSF): 1,400 SF
Gross Land Area: 40,920 SF
Sale Price: $428,571
Unit Price: $306.12 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Little Caesars
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 3/26/2018

Overview / Comments

Freestanding Net leased Little Caesars Pizza restaurant is available for sale. The franchisee will sign a new lease paying $2500 per month NNN with the sale of the property. The property was totally remodeled in 2016. Very strong franchisee with excellent sales history at this location.

Current Tenants

Tenant Business Name Little Caesars Pizza

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 3802033000020.001
Zoning: B3
Retail Clientele: General, Family
Property Located Between: Hamilton Blvd and Bellingrath Road
Property Visibility: Excellent
Feet of Frontage: 132
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,563 19,438 44,048
Median Age: 32.34 35.1 38.02
Households: 595 7,264 16,643

Contact

Photograph of Listing Agent

Marl M Cummings, IV

Cummings & Associates, Inc. Gulf Coast CMLS Member
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