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Pizza Hut 239 N Market St 675 SF Retail Building East Palestine, OH 44413 $800,000 ($1,185.19/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Franchisee Guarantee
- Strong Academic Presence
- Long-Term Lease Structure
- Access to Growing Regional Hub
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 239 N. Market St., East Palestine, OH 44413. The site consists of roughly 675 rentable square feet of building space on an estimated 0.38-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 $60,000 and has scheduled increases of 1.75% annually starting year 7.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
675 SF
Building Class
C
Year Built
2000
Price
$800,000
Price Per SF
$1,185.19
Cap Rate
7.50%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.38 AC
Zoning
Retail - Retail
Frontage
AMENITIES
- Pylon Sign
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $28,430 | |
| Land Assessment | $7,860 | Total Assessment | $36,290 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$7,860
Improvements Assessment
$28,430
Total Assessment
$36,290
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Pizza Hut | 239 N Market St
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