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PIZZA HUT - TOP RATED FRANCHISEE | NNN 311 E Lincolnway 2,626 SF Retail Building Minerva, OH 44657 $1,008,114 ($383.90/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 16+ Year Absolute Net Lease (Zero Landlord Obligations) Featuring 1.75% Annual Rental Increases.
- SFR XI Holdings, LLC is One of the Largest Pizza Hut Franchisees, Operating more than 120+ Pizza Hut Restaurants.
- Employers such as PCC Airfoils, Minerva Dairy and MAC Trailer located in Close Proximity, anchor the Local Economy with Hundreds of Jobs.
- Property Sits Directly on U.S. Route 30 (Lincoln Highway), providing Excellent Visibility, steady Traffic Counts, and Convenient Regional Access.
- Nearby Minerva Municipal Park, Athletic Fields, and Youth Sports Facilities Generate Consistent Family Traffic Year-Round.
- Walking Distance from Numerous Schools including Minerva High, Middle, and Elementary Schools serving over 1,200 Students combined.
EXECUTIVE SUMMARY
Pizza Hut | 16+ Year Absolute Net Lease | 1.75% Annual Rental Increases | Top Rated Franchisee with 120+ Active Units | Along U.S. Route 30 - Major East–West Transportation Artery | Walking Distance from Numerous Schools | Near Parks, Athletic Fields & Youth Sports Facilities
Ohio Broker of Record: Michael Glass | 500 Neil Ave., Ste. 100 Columbus, OH 43215 | P: (614) 360-9800 | Lic. # BRK.2007005898 | Michael.Glass@MarcusMillichap.com
Ohio Broker of Record: Michael Glass | 500 Neil Ave., Ste. 100 Columbus, OH 43215 | P: (614) 360-9800 | Lic. # BRK.2007005898 | Michael.Glass@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,626 SF
Building Class
C
Year Built
1969
Price
$1,008,114
Price Per SF
$383.90
Cap Rate
7%
NOI
$70,568
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.33 AC
Frontage
102’ on E LIncolnway
AMENITIES
- Pylon Sign
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Pizza Hut
- Retailer
- 2,626 SF
- -
- Triple Net
- Feb 2042
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Pizza Hut | Retailer | 2,626 SF | - | Triple Net | Feb 2042 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04200240 | Improvements Assessment | $398,130 |
| Land Assessment | $19,500 | Total Assessment | $417,630 |
PROPERTY TAXES
Parcel Number
04200240
Land Assessment
$19,500
Improvements Assessment
$398,130
Total Assessment
$417,630
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PIZZA HUT - TOP RATED FRANCHISEE | NNN | 311 E Lincolnway
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