Listed by Marcus & Millichap - San Diego
$940,900
PIZZA HUT - TOP RATED FRANCHISEE | 1.75% ANNUAL INCREASES
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,626
Units 1
Cap Rate 7.5%
NOI $70,568
Tenancy Single
Brand/Tenant Pizza Hut, Dominos Pizza
Lease Expiration 02/27/2042
Remaining Term 15.6
Rent Bumps Yes
Class A
Year Built 1969
Year Renovated 2005
Acreage 0.320
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Retail | 7.50% CAP | 2,626 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
Investment highlights
- 16+ Year Absolute Net Lease (Zero Landlord Obligations) Featuring 1.75% Annual Rental Increases Starting in Year 2028 Through the Remainder of Initial Term and Extension Options.
- SFR XI Holdings, LLC is One of the Largest Pizza Hut Franchisees, Operating more than 120+ Pizza Hut Restaurants across Ohio, Pennsylvania, Indiana and West Virginia.
- Employers such as PCC Airfoils, Minerva Dairy and MAC Trailer located in Close Proximity, anchor the Local Economy with Hundreds of Jobs, Supporting Strong Daytime Dining Demand.
- Property Sits Directly on U.S. Route 30 (Lincoln Highway), providing Excellent Visibility, steady Traffic Counts, and Convenient Regional Access Connecting Minerva to Surrounding Stark and Carroll County Communities.
- Nearby Minerva Municipal Park, Athletic Fields, and Youth Sports Facilities Generate Consistent Family Traffic Year-Round, Particularly Evenings and Weekends, Creating Steady Dining Demand after Practices, Games, and Tournaments.
- Walking Distance from Numerous Schools including Minerva High, Middle, and Elementary Schools serving over 1,200 Students combined, along with Faculty and Parents, Driving Weekday Dining Demand and Repeat Visitation from Families.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,568.00
$5,880.67/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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