512 Carroll St - Restaurant FOR SALE


New Lexington, OH 43764
$814,775 USD
708-870-4193
512 Carroll St, New Lexington, OH for Sale
$814,775 USD
Restaurant - FOR SALE
1/3
null | 8% Cap Rate

512 Carroll St
New Lexington, OH 43764


HIGHLIGHTS

  • Central Location in New Lexington
  • Consistent Local Traffic Patterns
  • Limited Direct Competition
  • Stable and Growing Population Base

OVERVIEW

Surmount is pleased to present the exclusive listing for a Pizza Hut located at 512 Carroll Street, New Lexington, OH 43764. The site consists of roughly 2,243 rentable square feet of building space on an estimated .84-acre parcel of land. Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which commenced 10/29/2018. The current annual rent is $65,182 and has scheduled increases of 1.25% Annually.

FOR SALE DETAILS

PRICE

$814,775 USD

PRICE/SF

$363 USD /SF

CAP RATE

8%

% 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

0.84 AC

LAND SF

36,590 SF

ZONING

Commercial

APN/PARCEL ID

270001400000

ASK ABOUT THIS PROPERTY

Matthew McParlandSurmountMore Info
708-870-4193

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Matthew McParlandSurmountMore Info
708-870-4193

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