5041 N Abbe Rd - Restaurant FOR SALE


Elyria, OH 44035
$1,684,000 USD
332-345-4271
5041 N Abbe Rd, Elyria, OH for Sale
$1,684,000 USD
Restaurant - FOR SALE
1/3
null | 6% Cap Rate

5041 N Abbe Rd
Elyria, OH 44035


HIGHLIGHTS

  • Strong Franchisee Guarantee
  • Long-Term Operating History
  • Strong Access and Visibility
  • Priced Below Development Costs

OVERVIEW

Surmount is pleased to present the exclusive listing for a Pizza Hut located at 5041 Abbe Road North, Elyria, OH 44035. The site consists of roughly 2,890 rentable square feet of building space on an estimated 0.99-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) Lease, which commenced on 2/22/2022 and has approximately 16 years remaining. The current annual rent is $101,040 and has scheduled increases of 1.75% annually starting 3/1/28.

FOR SALE DETAILS

PRICE

$1,684,000 USD

PRICE/SF

$570 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

-

APN/PARCEL ID

03-00-001-000-189

ASK ABOUT THIS PROPERTY

Kyle KarsianSurmountMore Info
332-345-4271

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Kyle KarsianSurmountMore Info
332-345-4271

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