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Pizza Hut 4166 Boardman Canfield Rd 1,151 SF Retail Building Canfield, OH 44406 $625,000 ($543.01/SF) 5.73% Cap Rate
Investment Highlights
- High Daily Vehicle Counts
- Strategic Location Minutes From Youngstown
Executive Summary
This is a prime Absolute NNN investment opportunity - Pizza Hut in Canfield Ohio.
Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
1.75% Rental Increases Annually Starting Year Seven (7)
Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
Positioned in Strong Retail Artery | Giant Eagle, CVS Pharmacy, Dollar Tree, Dunkin’ Donuts, Subway, McDonald’s, Hampton Inn And Suites, Bob Evans And More
Less Than 6 Miles From Downtown Youngstown
Strong Demographics | Population Exceeds 92,750 Individuals Within a Five-Mile Radius
Strong Traffic Counts | Over 34,320 And 22,380 Vehicles Per Day Along Boardman-Canfield Road And Interstate 76
Pizza Hut, is the largest restaurant chain in the world specializing in the sale of ready-to-eat pizza products.
The brand has a longstanding history with the first Pizza Hut opening in 1958 in Wichita, KS. Within a year, the first franchise unit was opened.
As of December 31, 2021, there were 18,381 Pizza Hut locations around the world.
SFR XI Holdings, LLC is the 11th largest Pizza Hut franchisee, operating 120+ locations across Ohio, West Virginia, Pennsylvania, and Indiana.
Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
1.75% Rental Increases Annually Starting Year Seven (7)
Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
Positioned in Strong Retail Artery | Giant Eagle, CVS Pharmacy, Dollar Tree, Dunkin’ Donuts, Subway, McDonald’s, Hampton Inn And Suites, Bob Evans And More
Less Than 6 Miles From Downtown Youngstown
Strong Demographics | Population Exceeds 92,750 Individuals Within a Five-Mile Radius
Strong Traffic Counts | Over 34,320 And 22,380 Vehicles Per Day Along Boardman-Canfield Road And Interstate 76
Pizza Hut, is the largest restaurant chain in the world specializing in the sale of ready-to-eat pizza products.
The brand has a longstanding history with the first Pizza Hut opening in 1958 in Wichita, KS. Within a year, the first franchise unit was opened.
As of December 31, 2021, there were 18,381 Pizza Hut locations around the world.
SFR XI Holdings, LLC is the 11th largest Pizza Hut franchisee, operating 120+ locations across Ohio, West Virginia, Pennsylvania, and Indiana.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,151 SF
Building Class
C
Year Built
2009
Price
$625,000
Price Per SF
$543.01
Cap Rate
5.73%
NOI
$35,793
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.04 AC
Zoning
B
Frontage
174’ on Boardman Canfield Rd
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 26-068-0-001.03-0 | Improvements Assessment | $25,400 |
| Land Assessment | $100,140 | Total Assessment | $125,540 |
Property Taxes
Parcel Number
26-068-0-001.03-0
Land Assessment
$100,140
Improvements Assessment
$25,400
Total Assessment
$125,540
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Pizza Hut | 4166 Boardman Canfield Rd