Listed by SRS Real Estate Partners Newport Beach
$780,000
Little Caesars
Details
APN 27-09-31-2-014-001.002
Property Type Retail
Sub Type Restaurant
Square Footage 1,834
Cap Rate 6%
NOI $46,811
Tenancy Single
Brand/Tenant Little Caesars
Lease Type NN
Lease Term 16.3
Lease Expiration 09/30/2032
Remaining Term 6.3
Rent Bumps Yes
Lease Options 2 (5-Year)
Year Built 2009
Year Renovated 2016
Acreage 0.810
Zoning B-2: General Business District
Parking Spaces 21 spaces
Parking Per SqFt 11.45
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 07/01/2016
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 6.00% CAP | 1,834 SqFt
Marketing description
Little Caesars franchise location operated by Ampler Pizza (100+ unit operator). Tenant exercised an early lease extension, extending the term through September 2032. The lease features 2% annual rent increases throughout the base term and options.
Tenant responsible for taxes, insurance, utilities, and general/interior maintenance. Landlord is responsible for roof, structure, major building and mechanical systems, including parking lot replacement and repaving. Provides a passive investment profile with reduced management responsibilities.
Investment highlights
- Little Caesars franchise location operated by Ampler Pizza (100+ unit operator)
- Tenant exercised an early lease extension, extending the term through September 2032.
- The lease features 2% annual rent increases throughout the base term and options
- Tenant responsible for taxes, insurance, utilities, and general/interior maintenance
- Landlord is responsible for roof, structure, major building and mechanical systems, including parking lot replacement and repaving
- Provides a passive investment profile with reduced management responsibilities
- Property fronts W. Fort Williams St (~9,400 VPD) with immediate proximity to Hwy 280/231 (~19,900 VPD)
- Surrounded by national retailers including Publix, Hobby Lobby, TJ Maxx, The Home Depot, Wendy's, Sonic, and more
- Benefits from nearby medical centers, schools, and dense residential neighborhoods, supporting consistent daily traffic
- Located within an established retail corridor serving the Sylacauga trade area
- More than 18,600 residents and 8,300 employees support the trade area
- $67,930 average household income
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$46,811.00
$3,900.92/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Zoning
B-2 CommercialGeneral CommercialGeneral Business District
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