Pizza Hut
East Palestine, OH
Key Details
| Price: | $857,143 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $60,000 |
| Address: | 239 North Market Street, East Palestine, Ohio 44413 |
| 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: | 16.9 Years |
| Rental Increases: | 1.75% Annually Starting Year 7 |
| Lot Size: | 0.38 Acres |
| Building Size: | 675 SF |
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 239 North Market Street, East Palestine, Ohio 44413. The site consists of roughly 675 rentable square feet of building space on an estimated 0.38-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 $60,000 and has scheduled increases of 1.75% Annually Starting Year 7.
About the Investment
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
- 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: | $857,143 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $60,000 |
| Address: | 239 North Market Street, East Palestine, Ohio 44413 |
| 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: | 16.9 Years |
| Rental Increases: | 1.75% Annually Starting Year 7 |
| Lot Size: | 0.38 Acres |
| Building Size: | 675 SF |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Kyle Karsian
kkarsian@nnnpro.com
License: NY: 10401321452
Joseph Kelly
jkelly@nnnpro.com
License: NY: 10401386896
Broker of Record
Brian Brockman
Bang Realty, Inc
License: BRK.2009000214
Related Listings
Loading...
Parachute Plasma
2841 Wisconsin Street, Sidney, Ohio 45365
PRICE$4,978,296
CAP RATE7.50%
Loading...
Stonewall Auto Repair (Brightpoint)
147 East Waterloo Road, Akron, Ohio 44319
PRICE$2,365,886
CAP RATE7.00%
Loading...
The Learning Experience
722 North Fairfield Road, Beavercreek, Ohio 45434
PRICE$5,413,793
CAP RATE7.25%
Loading...
Bob Evans
504 Pike Street, Marietta, Ohio 45750
PRICE$3,571,429
CAP RATE7.00%
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.