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29110702
29110703

1410 S Closner Blvd, Edinburg, TX 78539

AD
NY 10401294012
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$1,701,563
148 days on market
Updated 148 days ago

Little Caesars | High Sales Location

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,626
Cap Rate 5.6%
NOI $95,288
Occupancy 100%
Tenancy Single
Brand/Tenant Little Caesars
Lease Type NNN
Lease Term 20.1
Lease Expiration 09/30/2041
Remaining Term 15.3
Price per SqFt $1,046
Year Built 1992
Acreage 0.390
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 09/16/2021
Ownership Fee Simple

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.

Listing Contacts

AD
NY 10401294012
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,288.00
$7,940.67/mo

Valuation Metrics

0
DSCR
5.6%
Cap Rate
5.6%
ROI

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Additional Information

Name
Brian Brockman
License
RB14037939
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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