556 Main St - Fast Food FOR SALE


Wellsville, OH 43968
$1,000,000 USD
332-345-4222
556 Main St, Wellsville, OH for Sale
$1,000,000 USD
Fast Food - FOR SALE
1/1
null | 6.5% Cap Rate

556 Main St
Wellsville, OH 43968


HIGHLIGHTS

  • Strong Franchisee Guarantee
  • Long-Term Lease Structure
  • Access to Riverfront Community
  • Prominent Main Street Positioning

OVERVIEW

Surmount is pleased to present the exclusive listing for a Pizza Hut located at 556 Main Street, Wellsville, OH 43968. The site consists of roughly 2,266 rentable square feet of building space on an estimated 0.28-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease, which commenced 2/22/2022. The current annual rent is $65,000 and has scheduled increases of 1.75% annually starting year 7.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$449 USD /SF

CAP RATE

6.5%

% 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

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

Retail

APN/PARCEL ID

8402774000,8402775000

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

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