Pizza Hut - Ashtabula, OH | 1951 W Prospect Rd
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Pizza Hut - Ashtabula, OH 1951 W Prospect Rd
3,199 SF Retail Building Ashtabula, OH 44004 $2,410,832 CAD ($754 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Passive Income Opportunity With Approximately 18 Years Remaining on the Base Lease Term, Along With Six (6) Optional Five-Year Extensions
- Leading Pizza Hut Franchisee With 120+ Locations Operated By SFR XI Holdings, LLC, and Guaranteed By SFR XI Holdings, LLC, the 11th Largest Pizza Hut
- Ideal 1031 Exchange Opportunity Featuring a Low Price Point
- ABS NNN Lease With Annual Rent Increases (Starting March 1, 2028)
- Pandemic, Recession and Internet Resistant Tenant, Providing a Secure and Passive Investment Opportunity
- First Signalized Intersection Off Highway 480, Across From a Giant Eagle Grocery Shopping Center
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the Pizza Hut Absolute NNN Asset Located at 1951 West Prospect Road in Ashtabula, OH. This Property Boasts Approximately 18 Years Remaining on the Base Term of the Lease, With Six (5- Year) Option Periods, Ensuring a Long-Term and Stable Passive Income Stream. The Lease is an Absolute NNN, the Tenant is Responsible For All Property-Related Expenses and Includes Annual Rent Increases of 1.75% (Starting March 1, 2028), Providing a Steady Growth in Rental Income. Strategically Located in a High-Traffic Area With Strong Demographics. The Combination of a Well-Established Brand, a Leading Franchise Operator and Favorable Lease Terms Makes This an Attractive and Stable Investment Opportunity.
In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,199 SF
Building Class
C
Year Built/Renovated
1985/2000
Price
$2,410,832 CAD
Price Per SF
$754 CAD
Cap Rate
6%
NOI
$144,650 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.71 AC
Zoning
Commercial - Retail Trade
PROPERTY TAXES
| Parcel Number | 480100005000 | Improvements Assessment | $173,954 CAD |
| Land Assessment | $62,104 CAD | Total Assessment | $236,059 CAD |
PROPERTY TAXES
Parcel Number
480100005000
Land Assessment
$62,104 CAD
Improvements Assessment
$173,954 CAD
Total Assessment
$236,059 CAD
CONTACTS
-
Daniel Hoogesteger -
Jonathan Silver -
Max Freedman -
Sands Investment Group Santa Monica, LLC
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Pizza Hut - Ashtabula, OH | 1951 W Prospect Rd
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