Little Caesars | High Sales Location
Retail | 5.60% CAP | 1,626 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Little Caesars located at 1410 S Closner Blvd, Edinburg, TX 78539. The property features a drive-thru and consists of roughly 1,626 rentable square feet of building space on an estimated 0.39-acre parcel of land. This Little Caesars is subject to a 20-year Triple Net (NNN) lease, which commenced 9/16/2021. The current annual rent is $95,288 and has scheduled increases of 10.00% every 5 years.
Investment highlights
Long Term Absolute Triple Net Lease with No Landlord Responsibilities | Little Caesars is under a long term 20-year absolute triple net lease, placing all expenses on the tenant and eliminating landlord responsibilities. This structure ensures investors receive predictable, passive income with long-term stability.
Attractive Rental Increases | The lease includes 10% rental increases every five years during the 20-year base term and each of the four 5-year option periods. This predictable escalation structure supports longterm income growth and provides a hedge against inflation.
Strong Tenant and Franchisee Guarantee from Sizzling Caesars LLC | This investment is backed by Sizzling Caesars LLC, a subsidiary of Sizzling Platter, a proven multi-unit restaurant operator with a strong track record in the franchise industry. Sizzling Platter manages a robust portfolio of more than 750 locations across the U.S. and Mexico, including approximately 450 Little Caesars restaurants, providing significant financial stability and operational expertise.
Bain Capital Acquires Sizzling Platter | Sizzling Platter, one of the largest multi-brand restaurant franchise platforms with over 400 Little Caesars locations, was acquired by Bain Capital in a transaction valued at over $1 billion, including debt. This strategic partnership underscores Bains commitment to scaling high-performing franchise operations and enhances the overall corporate stability of the lease, providing investors with an added layer of confidence in tenant strength and longterm operational execution.
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