1165 Mentor Ave - Fast Food FOR SALE
Painesville, OH 44077 |
$1,180,569 USD
818-416-2800
1165 Mentor Ave
Painesville, OH 44077
HIGHLIGHTS
- Long-term passive income opportunity with approximately 16.5 years remaining on the base lease term, along with 6 optional 5-year extensions
- Absolute Triple Net (NNN) Lease with 1.75% annual rent increases (starting March 1, 2028) provides an investor with strong rental growth
- Leading Pizza Hut franchisee with 120+ locations operated by SFR XI Holdings, LLC, and guaranteed by SFR XI Holdings, LLC
- Globally recognized restaurant brand Pizza Hut, part of the Yum! Brands' family operates close to 20,000 locations globally
- Ideal 1031 exchange opportunity featuring a low price point
- Strategically positioned at a signalized hard-corner intersection with 38,000+ VPD and shadow-anchored by a Giant Eagle Market
OVERVIEW
We are pleased to exclusively offer for sale the 1,302 SF Pizza Hut located at 1165 Mentor Avenue in Painesville, OH. This deal includes an Absolute Triple Net (NNN) Lease with annual rent increases (starting March 1, 2028), providing an investor with strong rental growth and zero landlord responsibilities, providing for a unique investment.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
FOR SALE DETAILS
PRICE
$1,180,569 USD
PRICE/SF
$907 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pizza Hut - Painesville, OH
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.43 AC
LAND SF
18,687 SF
ZONING
R-1
APN/PARCEL ID
15-C-036-J-00-013
ASK ABOUT THIS PROPERTY
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818-416-2800
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818-416-2800
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