Little Caesars
Absolute NNN Lease | Strong National Credit Tenant
Marketing description
Little Caesars at 1409 Woodward Ave, Muscle Shoals, AL 35661 presents an exceptional net-leased investment opportunity featuring a brand-recognized quick-service tenant in a high-visibility retail corridor. This 2,124 SF freestanding restaurant is offered with a new 10-year absolute NNN lease, providing truly passive ownership with zero landlord responsibilities for taxes, insurance, CAM, roof, and structure.
Positioned along Woodward Ave / Hwy 20 with traffic counts exceeding 32,950 VPD, the property benefits from strong frontage, easy access, and a drive-thru component that enhances customer convenience and supports long-term store performance. The lease includes attractive 1.5% annual rent increases and two 5-year renewal options, creating built-in income growth and extended lease-term upside.
Backed by Little Caesars—one of the largest pizza chains in the U.S. with over 5,463 locations worldwide and approximately $3.8 billion in revenue—this asset also features a personal guaranty from an experienced 17-unit operator. Surrounded by national retailers and restaurants and supported by average household income above $75,000 within one mile, this offering combines strong real estate fundamentals with durable tenant demand.
Investment highlights
- Absolute NNN Lease with Zero Landlord Responsibilities - Tenant is responsible for all taxes, insurance, CAM, roof, and structure, providing a truly passive investment structure
- Strong National Credit Tenant – Little Caesars is the third-largest pizza chain in the U.S. with over 5,463 locations worldwide and approximately $3.8 billion in annual revenue.
- Attractive 4.3% Rent-to-Sales Ratio – Favorable rent coverage demonstrates strong unit-level performance and long-term occupancy sustainability
- Annual Rent Growth Built In - Lease features 1.5% annual rental increases, offering predictable income growth and a hedge against inflation
- Drive-Thru Equipped Location – Property features a drive-thru component, enhancing customer convenience, increasing sales volume, and supporting long-term tenant performance
- Long-Term Lease Security with Options - Lease includes two (2) five-year renewal options, extending long-term income potential beyond the initial term
- Personal Guaranty by Experienced Operator - Lease is backed by a personal guaranty from a 17-unit Little Caesars operator, strengthening credit and reducing downside risk
- Strong Demographics with Above-Average Incomes - Average household income exceeds $75,000 within a 1-mile radius, supporting continued tenant performance
- Established Retail Corridor in Muscle Shoals, AL - Strategically located along Woodward Avenue within an active commercial area serving the Florence - Muscle Shoals metro
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