Retail    

Little Caesars Portfolio of 2

 New York

Asking Price

$1,854,545

Cap Rate

5.50%

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Expenses

Absolute NNN

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Square Feet

3,315 SF

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Land

0.72 AC

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INVESTMENT HIGHLIGHTS

  • Available Individually or as a Portfolio
  • Rare Little Caesar’s 20 Year Sale-Leaseback
  • Drive-Thru Locations
  • Experienced Restaurant Operator - 330 Restaurants in 20+ States, 10-Unit Little Caesar’s Entity on Lease
  • Little Caesar’s Boasts Over $3.99 Billion in Total Sales Volume System Wide, 4,211 Locations Internationally and Was Founded in 1959. In '21 the Company Had the Highest Operating Income vs. National Competitors
  • 7.50% Rental Increases Every Five Years
  • NNN with Zero Landlord Responsibilities
  • Bite Size Portfolio with Low Rent to Sales and Low Rent PSF
  • Both Properties are Suburb of Utica, NY Between Syracuse & Albany
  • In Utica-Rome MSA with large population count of 292,264 as of 2020 census

Exclusively Listed By

Milo Spector

Director
  mspector@stanjohnsonco.com      415.610.8970
BRE #01959211

Chris Lomuto

Associate Director
  clomuto@stanjohnsonco.com      415.610.5230
BRE #01962410

Matt Lipson

Associate Director
  mlipson@stanjohnsonco.com      503.468.7503
BRE #01892096

In Association With
David Bailey

NY Broker Lic #10301210757

Northmarq

2121 N. California Blvd
Suite 290
Walnut Creek, CA 94596


northmarq.com