Little Caesars

Pecos, TX

Price $786,000
Cap Rate 7.00%
TYPE Single-Tenant
STATUS Closed
Tenant Little Caesars
LEASE TYPE Absolute NNN
SQUARE FEET 2,208
PRICE/SQ FT $355
YEAR BUILT 1960 | 2016
LEASE EXP. 02/29/2028
LISTING AGENT Jessica Zahn Gibson
602-770-7145
jess@ciadvisor.com

Property Description

Little Caesars is a sale-leaseback with a new 10 year Absolute NNN lease and 5% rental escalations every 5 years. The tenant, Vibe Restaurant Group, owns and operates over 60 Little Caesars locations in 8 states & DC. This location was fully renovated in the last two years.

 

The subject property is located in Pecos, Texas, with high drive-by visibility on S Eddy St. Little Caesars is less than ½ mile from Pecos High School with a total enrollment over 600 students and 2 miles from Reeves County Hospital District. Surrounding retailers include Walmart, Bealls, Family Dollar, Gibsons Home Center & Hardware, Brownlee Ace Hardware, Aaron’s, Dollar General, O’Reilly Auto Parts, AutoZone, NAPA Auto Parts, Verizon, etc.

*In Association With: Blackburn Properties

Property Highlights

  • Sale-Leaseback with a New 10 Year Absolute NNN Lease and 5% Rental Escalations Every 5 Years
  • Fully Renovated in the Last 2 Years
  • ½ Mile from Pecos High School with a Total Enrollment Over 600 Students | 2 Miles from Reeves County Hospital District
  • Surrounding Retailers: Walmart, Bealls, Family Dollar, Gibsons Home Center & Hardware, Brownlee Ace Hardware, Aaron’s, Dollar General, O’Reilly Auto Parts, AutoZone, NAPA Auto Parts, Verizon, etc.
  • Tenant: Vibe Restaurant Group Owns & Operates Over 60 Little Caesars Locations in 8 States & DC
  • High Drive-by Visibility on S Eddy St where Traffic Counts Exceed 7,300 CPD
  • Total Population: (5 MI): 14,032 | Average Household Income (1 MI): $60,192 | Population Growth (2010-2017): 12.74%