Business for Sale in Harlingen, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Harlingen, TX 78550

Description

Marucs & Millichap is pleased to present for sale Little Caesars in Harlingen, Texas. 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. 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. Harlingen is a principal city of the Brownsville–Harlingen metropolitan area, and is located in Cameron County in the central region of the Rio Grande Valley of the southern part of the U.S. state of Texas, about 30 miles (48 km) from the coast of the Gulf of Mexico. Geographically located in the center of the Rio Grande Valley, Harlingen’s strategic location at the intersection of U.S. Route 77 and U.S. Route 83, co-designated as Interstate 69 East and Interstate 2, respectively, has fostered its development as a distribution, shipping, and industrial center. Investment Highlights: • Four Plus Years Remaining on Double-Net (NN) Lease • 7.5 Percent Rent Increase in January 2027, and 15 Percent Rent Increase in Option Period • Drive-Thru Location • 90,480 Residents within a Five-Mile Radius - Households and Population Projected to Increase Approximately 1-4 Percent in the Surrounding Area by 2029 • Visible to Nearly 25,000 Cars per Day Near the Intersections of Morgan Boulevard and N. 77 Sunshine Strip

Market Context

This food service in Harlingen, TX is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing food service assets. It has been on the market for 68 days. Compare it against other food service listings for sale in Harlingen, TX — <a href="/search/sale/other/texas/harlingen">view the full market</a>.

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