Little Caesars Pizza
$1,075,000
3145 Lagrange Street & 2535 Starr Ave, Oregon, OH 43616
2,610 sqft
Building Size
100
Occupancy
Details:
Highlights:
- New 15 year lease agreements
- Bult in rent escalators
- Absolute NNN leases - hands free investment
- Long standing tenant with proven track record of performance
- Well maintained buildings with periodic upgrades per franchise agreement
- 5.85% Year 1 Cap Rate.
- 2% per annum bumps captured each 5 years
Description:
An exceptional investment opportunity in the Toledo, Ohio area! This property portfolio features 2 single tenant buildings totaling 2,610 SF, both buildings are fully occupied with Little Caesar's franchise with new long term leases and a great track record of performance. Built in 1980 and 1986 respectively the properties have been maintained exceptionally well and have gone undergone periodic updates and renovations per the franchise agreement. New 15 year leases with built-in rent escalators, absolute NNN leases, billboard revenue is received as well on the LaGrange St. property. This is as easy as it gets for investment ownership.
Both buildings well positioned in the strength of the market they serve with key locations and proximity to neighborhood communities, excellent visibility to high traffic volumes and major arterial access. Toledo is renowned for its manufacturing base with Stellantis (Jeep) and General Motors, the growing solar industry (First Solar), world class museum and zoo, access to the great lakes recreation and one of the country's best metro park systems. These buildings are only offered as a portfolio and not sold separately.
Documents:
| Title | ||
|---|---|---|
| MDR_OM_Two_Property_National_Franchise_Net_Lease_Portfolio_Compress.pdf |
Location
Gallery
