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Pizza Hut 512 Carroll St

2,243 SF Retail Building New Lexington, OH 43764 $1,559,985 CAD ($695 CAD/SF) 6% Cap Rate

Restaurants Ohio New Lexington 512 Carroll St, New Lexington, OH 43764

Investment Highlights

  • Approximately 9 Years Remaining | Options To Extend | Annual Rental Increases
  • Kroger-Anchored Center (84,000+ SF) | Retail Corridor
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Pizza Hut investment property located in New Lexington, Ohio. The tenant, ADT Ohio, LLC, has approximately 9 years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.25% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

Attachments

New Lexington OH - Pizza Hut OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,243 SF
Building Class
B
Year Built
1991
Price
$1,559,985 CAD
Price Per SF
$695 CAD
Cap Rate
6%
NOI
$93,631 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.84 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial
Parking
33 Spaces (14.71 Spaces per 1,000 SF Leased)
Frontage
186 ft on Carroll St

Amenities

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage

Links

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Nearby Major Retailers

Park National Bank
Kroger Deli
Curves
CrossFit
PNC Bank

PROPERTY TAXES

Parcel Number 270001400000 Improvements Assessment $157,607 CAD
Land Assessment $58,823 CAD Total Assessment $216,430 CAD

PROPERTY TAXES

Parcel Number
270001400000
Land Assessment
$58,823 CAD
Improvements Assessment
$157,607 CAD
Total Assessment
$216,430 CAD
(470) 344-2586

Contacts

  • Listing ID: 34397628

  • Date on Market: 2025-01-07

  • Last Updated:

  • Address: 512 Carroll St, New Lexington, OH 43764

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Pizza Hut | 512 Carroll St
(470) 344-2586 x

Pizza Hut | 512 Carroll St

1/5

Michael Berk

(470) 344-2586

(470) 344-2586

Jarrett Slear

(813) 683-5115

(813) 683-5115

Patrick Luther

(480) 221-4221

(480) 221-4221

Patrick Nutt

(954) 302-7365

(954) 302-7365

Sarah Shanks

(502) 442-7079

(502) 442-7079

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