Pizza Hut
Niles, OH
Key Details
| Price: | $1,473,342 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $88,401 |
| Address: | 795 Y'town-Warren Rd, Niles, Ohio 44446 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 2/22/2022 |
| Lease Expiration: | 2/28/2042 |
| Lease Term Remaining: | 17.2 Years |
| Rental Increases: | 1.75% Annually Starting Year 7 |
| Lot Size: | 1.44 Acres |
| Building Size: | 2,940 SF |
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 795 Y'town-Warren Rd, Niles, Ohio 44446. The site consists of roughly 2940 rentable square feet of building space on an estimated 1.44-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease, which commenced 2/22/2022. The current annual rent is $88,401 and has scheduled increases of 1.75% Annually Starting Year 7.
About the Investment
- 1.75% Rental Increases Annually Starting Year Seven (7)
- Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
- Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
Key Details
| Price: | $1,473,342 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $88,401 |
| Address: | 795 Y'town-Warren Rd, Niles, Ohio 44446 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 2/22/2022 |
| Lease Expiration: | 2/28/2042 |
| Lease Term Remaining: | 17.2 Years |
| Rental Increases: | 1.75% Annually Starting Year 7 |
| Lot Size: | 1.44 Acres |
| Building Size: | 2,940 SF |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Howard Curd
hcurd@nnnpro.com
License: NY: 10401339720
Joseph Kelly
jkelly@nnnpro.com
License: NY: 10401386896
Broker of Record
Brian Brockman
Bang Realty, Inc
License: BRK.2009000214
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.