Little Caesars 810 Morgan Blvd
1,600 SF Retail Building Harlingen, TX 78550 £336,681 (£210.43/SF) 6% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 4+ Years Remaining on Double-Net (NN) Lease
- 91,490 Residents within a 5-Mile Radius - Households and Population Projected to Increase Approx. 5+% in the Surrounding Area by 2028
- Little Caesars has stores in each of the 50 U.S. States and 27 Countries and Territories
- 7.5% Rental Increases in 2027, and 15% in Option Period
- Drive Through Location
- Visible to nearly 25,000 Cars Per Day Near the Intersections of Morgan Blvd and N 77 Sunshine Strip
EXECUTIVE SUMMARY
Headquartered in Detroit, Michigan, Little Caesars was founded in 1959 as a single, family-owned restaurant. Today, Little Caesars is the third-largest pizza chain in the world, with stores in each of the 50 U.S. states and 27 countries and territories. As the largest carryout-only pizza chain in the United States, Little Caesars is known for its HOT-N-READY pizza and famed Crazy Bread.
The franchisee, Sizzling Platter is a prominent restaurant management company founded in 1963, headquartered in Salt Lake City, Utah. It operates over 750 franchise locations across the United States and Mexico, encompassing brands such as Little Caesars, Jamba, Wingstop, Dunkin’, Jersey Mike’s, Cinnabon, Red Robin, and Sizzler.
Broker of Record: Tim Speck (License #: 9002994)
The franchisee, Sizzling Platter is a prominent restaurant management company founded in 1963, headquartered in Salt Lake City, Utah. It operates over 750 franchise locations across the United States and Mexico, encompassing brands such as Little Caesars, Jamba, Wingstop, Dunkin’, Jersey Mike’s, Cinnabon, Red Robin, and Sizzler.
Broker of Record: Tim Speck (License #: 9002994)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
C
Year Built
1971
Price
£336,681
Price Per SF
£210.43
Net Initial Yield
6%
NOI
£20,199
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
C
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £242,324 | |
| Land Assessment | £79,767 | Total Assessment | £322,091 |
