Investment Offering
Columbus, NE- Little Caesars
2416 23rd Street | Columbus, NE 68601
$2,366,000
Price7%
Cap Rate$165,612
NOI6,860
± SF Offering GLA0.83
± AC Land AreaDescription
Lee & Associates | Omaha is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped, Little Caesars investment property located in Columbus, Nebraska. The tenant, Little Caesars, recently signed a brand new 25-year master lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The retail site is fully occupied, with Berkshire Hathaway, Verizon, and N-Stant Convenience occupying the building as subtenants. The master lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. With over 4,170 stores, Little Caesars is the largest carryout pizza chain in the country.
Location
The subject property is strategically located along 23rd St (US Highway 30), which averages 27,200 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and multiple large monument signs. Furthermore, the building is equipped with a drive-thru, providing ease and convenience for customers. In addition, the asset is ideally situated in proximity to numerous national/credit tenants including CVS Pharmacy, Walgreens, HyVee, Walmart Supercenter, Menards, Starbucks, Family Dollar, Hobby Lobby, O’Reilly Auto Parts, Tractor Supply Co, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by approximately 28,400 residents and 23,000 employees with an average household income of $85,652, providing a direct consumer base from which to draw.
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215
Boomer Peterson
Lee & Associates[email protected]