Pizza Hut | 2665 Manchester Rd
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Pizza Hut 2665 Manchester Rd
3,029 SF Retail Building Akron, OH 44319 $2,082,072 CAD ($687 CAD/SF) 6% Cap Rate
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
- Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
- 1.75% Rental Increases Annually Starting Year Seven (7)
Executive Summary
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located
at 2665 Manchester Rd, Akron, OH 44319. The site will consist of roughly 3,029 rentable
square feet of building space on estimated 0.80-acre parcel of land. The Pizza Hut is
subject to a 20-year absolute triple-net (NNN) lease that commenced on 2/22/2022. The
initial annual rent will be $88,826 and is scheduled to increase by one-and-threequarters
percent (1.75%) annually starting year seven (7) of the base term and
continuing through six (6), five (5)-year renewal periods.
at 2665 Manchester Rd, Akron, OH 44319. The site will consist of roughly 3,029 rentable
square feet of building space on estimated 0.80-acre parcel of land. The Pizza Hut is
subject to a 20-year absolute triple-net (NNN) lease that commenced on 2/22/2022. The
initial annual rent will be $88,826 and is scheduled to increase by one-and-threequarters
percent (1.75%) annually starting year seven (7) of the base term and
continuing through six (6), five (5)-year renewal periods.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,029 SF
Building Class
C
Year Built
1977
Price
$2,082,072 CAD
Price Per SF
$687 CAD
Cap Rate
6%
NOI
$124,925 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.80 AC
Opportunity Zone
Yes
Frontage
PROPERTY TAXES
| Parcel Number | 68-52945 | Improvements Assessment | $108,413 CAD |
| Land Assessment | $46,411 CAD | Total Assessment | $154,824 CAD |
PROPERTY TAXES
Parcel Number
68-52945
Land Assessment
$46,411 CAD
Improvements Assessment
$108,413 CAD
Total Assessment
$154,824 CAD
-
Power Broker Glen Kunofsky -
Howie Curd -
Joseph Kelly -
NNN Pro Group
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Pizza Hut | 2665 Manchester Rd
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