2300 Cooper Foster Park Rd, Lorain, OH 44053

For sale to qualified investors is the fee simple interest in an absolute net lease with one of the largest Pizza Hut franchisees in North America, SFR X Holdings, LLC. In 2022 the company completed their purchase of over 120 Pizza Hut Restaurants in the Midwest and showed their commitment to the brand by executing a new 20 year, absolute triple net lease for the Amherst location at that time. The lease has 17 years of guaranteed base term remaining and features ANNUAL increases of 1.75% beginning March 1, 2028, boosting return each year and hedging against future inflation. The lease also has six option terms of 5 years each, bringing the total potential remaining lease term to 47 years. The building sits on 1 acre of prime retail land adjacent Chase Bank and Sherwin Williams in a thriving and growing retail marketplace. Recently, Meijer Grocery built a 180,000 square foot store on the opposite corner and Chick-fil-A, Panda Express, Five Guys, Freddy’s Steakburgers and more quickly followed suit. The property is located at a focal point with the State Route 2 interchange only one block south, Meijer across the street, and Walmart, Home Depot, and Kohl’s one block north. This retail area has quickly become a dominant shopping node in Cleveland’s western suburbs, leading to the success and growth of retailers in this market.