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 $1,817,433 CAD ($568 CAD/SF) 6% Cap Rate
Investment Highlights
- Long-Term Passive Income Opportunity With Approximately 18 Years Remaining on the Base Lease Term
- Leading Pizza Hut Franchisee With 120+ Locations Operated By SFR XI Holdings, LLC, and Guaranteed By SFR XI Holdings, LLC
- Pandemic, Recession and Internet Resistant Tenant, Providing a Secure and Passive Investment Opportunity
- Absolute NNN Lease With Annual Rent Increases (Starting March 1, 2028) Provides an Investor Strong Rental Growth
- Globally Recognized Restaurant Brand Pizza Hut, Part of the Yum! Brands Family, Operates Close to 20,000 Locations Globally; in 2023
- Ideal 1031 Exchange Opportunity Featuring a Low Price Point
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the Pizza Hut 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,199 SF
Building Class
C
Year Built/Renovated
1985/2000
Price
$1,817,433 CAD
Price Per SF
$568 CAD
Cap Rate
6%
NOI
$109,046 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 | $166,075 CAD |
| Land Assessment | $59,292 CAD | Total Assessment | $225,367 CAD |
PROPERTY TAXES
Parcel Number
480100005000
Land Assessment
$59,292 CAD
Improvements Assessment
$166,075 CAD
Total Assessment
$225,367 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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