Little Caesars

1001 N California Street | Socorro, New Mexico 87801

Contact Brokers

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Reid Thedford
Senior Associate

Reid.Thedford@MarcusMillichap.com
(O) 813-387-4726
FL #SL3442474

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Jim Shiebler, CCIM, CEC

First Vice President Investments

Jim.Shiebler@MarcusMillichap.com

(O) 239.340.7811
FL #SL3347780

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James Garner, CCIM
First Vice President Investments
James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659

Highlights

  • NNN – No Landlord Responsibilities

  • 3% Annual Rental Increases

  • New Mexico Institute of Mining and Technology - Built-in Customer Base of Students, Professors, and Employees

  • Extremely Strong Operator / Guarantee – Sizzling Platter: 400+ Little Caesars Locations & 650 Locations Across All Brands

  • Located on Signalized Intersection of California St. & Bullock Blvd. & Main Entrance Road to the university

  • Significant Renovations in 2014 - Complete Interior and Exterior Renovations Prior to Grand Opening

Description

Marcus & Millichap is pleased to present Little Caesars, a rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the submarket of Socorro, NM. The NNN lease is backed by an extremely strong operator/guarantee – Sizzling Platter. They have 400+ Little Caesars locations and 650 locations across all brands including Little Caesars, Dunkin’, Wing Stop, Red Robin, Sizzler, Jersey Mike’s, Jamba and Cinnabon. The subject property is located blocks from New Mexico Institute of Mining and Technology and has a built-in customer base of students, professors, and employees. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.