4166 Boardman Canfield Rd - Fast Food FOR SALE


Canfield, OH 44406- Outer Canfield/Poland
$625,000 USD
310-403-4668
4166 Boardman Canfield Rd, Canfield, OH for Sale
$625,000 USD
Fast Food - FOR SALE
1/2
null | 5.73% Cap Rate

4166 Boardman Canfield Rd
Canfield, OH 44406
Outer Canfield/Poland


HIGHLIGHTS

  • High Daily Vehicle Counts
  • Strategic Location Minutes From Youngstown

OVERVIEW

This is a prime Absolute NNN investment opportunity - Pizza Hut in Canfield Ohio. Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022 1.75% Rental Increases Annually Starting Year Seven (7) Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units Positioned in Strong Retail Artery | Giant Eagle, CVS Pharmacy, Dollar Tree, Dunkin’ Donuts, Subway, McDonald’s, Hampton Inn And Suites, Bob Evans And More Less Than 6 Miles From Downtown Youngstown Strong Demographics | Population Exceeds 92,750 Individuals Within a Five-Mile Radius Strong Traffic Counts | Over 34,320 And 22,380 Vehicles Per Day Along Boardman-Canfield Road And Interstate 76 Pizza Hut, is the largest restaurant chain in the world specializing in the sale of ready-to-eat pizza products. The brand has a longstanding history with the first Pizza Hut opening in 1958 in Wichita, KS. Within a year, the first franchise unit was opened. As of December 31, 2021, there were 18,381 Pizza Hut locations around the world. SFR XI Holdings, LLC is the 11th largest Pizza Hut franchisee, operating 120+ locations across Ohio, West Virginia, Pennsylvania, and Indiana.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$543 USD /SF

CAP RATE

5.73%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,433 SF

ZONING

B

APN/PARCEL ID

26-068-0-001.03-0

ASK ABOUT THIS PROPERTY

Anthony PalermoCORE Real Estate GroupMore Info
310-403-4668

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Anthony PalermoCORE Real Estate GroupMore Info
310-403-4668

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.