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Little Caesars - Chester, Virginia

12551 Richmond Highway Chester, Virginia United States 23831
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

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Property Description

Jones Lang LaSalle (“JLL”) Capital Markets, Net Lease is pleased to exclusively offer a premier net lease opportunity to acquire a single tenant Little Caesars located in the Richmond MSA in the #1 state for business (CNBC, 2021). Little Caesars is located in Bermuda Square, a fast-evolving shopping center less than 700 yards from I-95 (124,000 VPD). On a new 15-year lease, Little Caesars is backfilling a former SunTrust bank at a signalized intersection along the newly renamed Richmond Highway (formerly Jefferson Davis Highway). The large franchisee operates more than 330 Little Caesars for the world’s 3rd largest pizza chain—known for fast pizza “Hot-N-Ready” now.  


Investment Highlights

  • Pizza QSR With Drive-Thru and Low Rent
  • New 15-Year Abs NNN Lease with Increases
  • 330-Unit Franchisee in the World’s 3rd Largest Pizza Chain
  • True Frontage and Access at a Dedicated Signalized Intersection
  • Expanded Delivery Radius Proximate to I-95 (124,000 VPD)
  • 74,000 Residents in 5 Miles in the #1 State for Business
Last Updated Date: 15 Sep 2021
Jordan Lex
Jordan Lex
Senior Director, Capital Markets
License details
DC-SP98373803 MD-647016 VA-0225189318
0008004430006
Brad Peterson
Brad Peterson
Senior Managing Director, Orlando Office Co- Head
License details
FL-BK3162030 AL-000088844-0 GA-256948 NC-323216
0008004430006
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Last Updated Date: 15 Sep 2021

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