Little Caesars has a 10 year Absolute NNN least with attractive 10% rental escalations every 5 years and three 5-year renewal options. The tenant, Aces, LLC is one of the Largest Little Caesars Pizza franchises in the country, owning and operating 21 locations throughout southwest Virginia. The subject location is slated for exterior renovation in 2019 (est. cost of +$30,000) with new LED signage, façade, paint – full interior remodeled in 2018. Little Caesars has been successfully open and operating for over 10 years with an attractive rent to sales ratio!
Little Caesars is located in Collinsville, Virginia on the main north/south thoroughfare with excellent driveby visibility. Nearby retailers include: Save-A-Lot, Family Dollar, Dollar General Market, Walgreens, CVS Pharmacy, Aaron’s, O’Reilly Auto Parts, Advance Auto Parts, AutoZone, Salvation Army Thrift Store, Walmart Supercenter & Lowe’s Home Improvement. This asset is 4.5 miles from Patrick Henry Community College (PHCC) Martinsville (enrollment of 2,900).
In Association with Virginia Local Broker: Gillian Greenfield, Greenfield & Craun Commercial #225064152