Listed by Miller Diversified
$1,075,000
Little Caesar's Portfolio
Details
APN 1202814, 1202811, 1202807, 4457274
Property Type Retail
Sub Type Restaurant
Square Footage 2,610
Cap Rate 5.85%
NOI $62,900
Occupancy 100%
Tenancy Single
Brand/Tenant Little Caesars
Lease Type Absolute NNN
Remaining Term 15
Year Built 1980, 1986
Buildings 2
Stories 1
Zoning 10-CS
Investment Type Institutional
2 Building Investment Portfolio | 5.85% CAP | 2,610 SqFt Total
Marketing description
An exceptional investment opportunity in the Toledo, Ohio area! This property portfolio features 2 single tenant
buildings totaling 2,610 SF, both buildings are fully occupied with a nationally-recognized franchise with new
long term leases and a great track record of performance. Built in 1980 and 1986 respectively the properties
have been maintained exceptionally well and have undergone periodic updates and renovations per the
franchise agreement. New 15 year leases with built-in rent escalators, absolute NNN leases, billboard revenue
is received as well on the LaGrange St. property. This is as easy as it gets for investment ownership. These
buildings are only offered as a portfolio and not sold separately.
Investment highlights
- New 15 year lease agreements
- Built in rent escalators
- Absolute NNN leases - hands free investment
- Long standing tenant with proven track record of
- performance
- Well maintained buildings with periodic upgrades
- per franchise agreement
- 2% per annum bumps captured each 5 years
Listing Contacts
Listed by Miller Diversified
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,900.00
$5,241.67/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
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