LITTLE CAESARS

DRIVE THRU - 20 YEAR SALE LEASEBCK 

270 M STREET | CRESCENT CITY, FL

HIGHLIGHTS

  • Robust Store Sales: Store produces about $1M in gross sales annually and trending upwards.

  • Conservative Rent to Sales Ratio: The rent is set at a 8% Rent to Sales Ratio which is a sustainable rent for the restaurant operator.

  • Experienced Franchisee: Restaurant operator has been operating this Little Caesars for 5 years and has been in the restaurant business for 30+ Years.

  • Personal Guarantee: The lease will be backed by a high net worth individual/operator. Contact broker for more information.

  • Net Leased Investment: Tenant is responsible for all real estate taxes,insurance, and property maintenance.

  • Rare CA Bite Sized 20-Year Leaseback: Hard to find a small price point single tenant retail property with a 20 year lease in California.

PROPERTY INFO

Property Type: Net-Leased

Status: For Sale

Building Size (Total GLA): 2,600 SF

Lot Size: 0.33 Acres (14,315 SF)

iNVESTMENT PRICING

Price: $1,300,000

Cap Rate Current: 6.15%%

Price Per Square Foot (Building): 500.00

financial DETAILS

Lease Type: Triple-Net

Lease Term Remaining: 20 Years

Rent Increases: 10% Every 5 Years

Options to Extend: Four, 5-Year

Guarantor: Single Unit Guaranty

contact

Ryan Sharpe
Vice President
License No. 01940376
+1 310 893 3397
Ryan.Sharpe@vantiscap.com

STAY IN 
TOUCH

VANTIS CAPITAL ADVISORS

2 Park Plaza | Suite 300 | Irvine, CA 

949.942.1300

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