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26835525
26835526

810 Morgan Blvd, Harlingen, TX 78550

ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$402,000
269 days on market
Updated 31 days ago

Little Caesars

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,600
Cap Rate 6.5%
NOI $26,145
Occupancy 100%
Tenancy Single
Brand/Tenant Little Caesars
Lease Type NN
Lease Term 30
Lease Expiration 12/31/2029
Remaining Term 3.6
Rent Bumps Yes
Lease Options 1, 5 Year Option
Year Built 1971
Acreage 0.290
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 01/01/2000

Retail | 6.50% CAP | 1,600 SqFt

Marketing description

Marucs & Millichap is pleased to present for sale Little Caesars in Harlingen, Texas. Headquartered in Detroit, Michigan, Little Caesars was founded in 1959 as a single, family-owned restaurant. Today, Little Caesars is the third-largest pizza chain in the world, with stores in each of the 50 U.S. states and 27 countries and territories. As the largest carryout-only pizza chain in the United States, Little Caesars is known for its HOT-N-READY pizza and famed Crazy Bread.

Sizzling Platter is a prominent restaurant management company founded in 1963, headquartered in Salt Lake City, Utah. It operates over 750 franchise locations across the United States and Mexico, encompassing brands such as Little Caesars, Jamba, Wingstop, Dunkin’, Jersey Mike’s, Cinnabon, Red Robin, and Sizzler.


Harlingen is a principal city of the Brownsville–Harlingen metropolitan area, and is located in Cameron County in the central region of the Rio Grande Valley of the southern part of the U.S. state of Texas, about 30 miles (48 km) from the coast of the Gulf of Mexico. Geographically located in the center of the Rio Grande Valley, Harlingen’s strategic location at the intersection of U.S. Route 77 and U.S. Route 83, co-designated as Interstate 69 East and Interstate 2, respectively, has fostered its development as a distribution, shipping, and industrial center

Investment highlights

» 4+ Years Remaining on Double-Net (NN) Lease

» 7.5% Rent Increase in January 2027, and 15% Rent Increase in Option Period

» 90,480 Residents within a 5-Mile Radius - Households and Population Projected to Increase Approx. 1-4% in the Surrounding Area by 2029

» Drive-Thru Location

» Little Caesars Has Stores in Each of the 50 U.S. States, as well as 27 Countries and Territories

» Visible to Nearly 25,000 Cars Per Day Near the Intersections of Morgan Blvd and N 77 Sunshine Strip

Listing Contacts

ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$26,145.00
$2,178.75/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Tim Speck
License
9002994
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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