Little Caesars
Brand-New 15-Year Absolute NNN Sale Leaseback
Marketing description
Little Caesars at 172 N River Ave, Holland, MI 49424 offers investors the opportunity to acquire a brand-new 15-year absolute NNN sale-leaseback in a high-visibility retail corridor. Priced at $1,000,000 with a 6.0% cap rate, the 2,316 SF freestanding building sits on 0.56 acres and delivers zero landlord responsibilities, with the tenant responsible for taxes, insurance, CAM, roof, and structure.
This drive-thru equipped location benefits from exceptional traffic counts, with more than 33,000 vehicles passing the site daily along N River Ave, near the signalized intersection with Douglas Ave. Surrounded by major national retailers including CVS, Taco Bell, Walmart, Sam’s Club, Target, Meijer, Lowe’s, and Starbucks, the property is positioned within one of Holland’s strongest retail trade areas.
The lease features 10% rental increases every five years during the initial term and option periods, plus four 5-year renewal options, providing long-term income growth. With an attractive 3.5% rent-to-sales ratio, strong surrounding demographics including 98,000+ residents within five miles, and average household income exceeding $104,000, this asset presents a compelling blend of stability, visibility, and upside.
Investment highlights
- Absolute NNN Sale Structure - Zero Landlord Responsibilities, Tenant is Responsible for all Taxes, Insurance, CAM, Roof, and Structure
- Long-Term 15-Year Lease - With an Additional Four (4) 5-year Renewal Options Provided
- Rental Increases - 10% Increases Every 5 Years in the Initial Term and in the Option Periods
- Attractive 3.5% Rent to Sales Ratio - Favorable rent coverage demonstrates strong unit-level performance
- Drive-Thru Equipped Location – Enhancing customer convenience and increasing sales volume
- Located in a High Traffic Area - 33,000+ Vehicles Pass the Site Every Day
- Dense Demographics - Strong Household Density and Residential Base with 98,000+ People Living Within 5 Miles of the Property
- Affluent Demographics - Average Household Income of $104,000+ Within 5 Miles of the Property
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