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Pizza Hut - Painesville, OH 1165 Mentor Ave 1,302 SF Retail Building Painesville, OH 44077 $1,180,569 ($906.74/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-term passive income opportunity with approximately 16.5 years remaining on the base lease term, along with 6 optional 5-year extensions
- Leading Pizza Hut franchisee with 120+ locations operated by SFR XI Holdings, LLC, and guaranteed by SFR XI Holdings, LLC
- Ideal 1031 exchange opportunity featuring a low price point
- Absolute Triple Net (NNN) Lease with 1.75% annual rent increases (starting March 1, 2028) provides an investor with strong rental growth
- Globally recognized restaurant brand Pizza Hut, part of the Yum! Brands' family operates close to 20,000 locations globally
- Strategically positioned at a signalized hard-corner intersection with 38,000+ VPD and shadow-anchored by a Giant Eagle Market
EXECUTIVE SUMMARY
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
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,302 SF
Building Class
B
Year Built
2008
Price
$1,180,569
Price Per SF
$906.74
Cap Rate
6.50%
NOI
$76,737
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.43 AC
Zoning
R-1
Parking
15 Spaces (11.52 Spaces per 1,000 SF Leased)
Frontage
61’ on Mentor Ave
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Pizza Hut
- Retailer
- 1,302 SF
- $58.94
- Feb 2042
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Pizza Hut | Retailer | 1,302 SF | $58.94 | Feb 2042 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-C-036-J-00-013 | Improvements Assessment | $34,210 |
| Land Assessment | $14,390 | Total Assessment | $48,600 |
PROPERTY TAXES
Parcel Number
15-C-036-J-00-013
Land Assessment
$14,390
Improvements Assessment
$34,210
Total Assessment
$48,600
CONTACTS
-
Jonathan Silver -
Michael Gonzalez -
Max Freedman -
Sands Investment Group Santa Monica, LLC
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Pizza Hut - Painesville, OH | 1165 Mentor Ave
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