Log In/Sign Up
Your email has been sent.
Pizza Hut 5041 N Abbe Rd 2,890 SF Retail Building Elyria, OH 44035 $1,684,000 ($582.70/SF) 6% Cap Rate
Investment Highlights
- Strong Franchisee Guarantee
- Strong Access and Visibility
- Long-Term Operating History
- Priced Below Development Costs
Executive Summary
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 5041 Abbe Road North, Elyria, OH 44035. The site consists of roughly 2,890 rentable square feet of building space on an estimated 0.99-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) Lease, which commenced on 2/22/2022 and has approximately 16 years remaining. The current annual rent is $101,040 and has scheduled increases of 1.75% annually starting 3/1/28.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,890 SF
Building Class
C
Year Built
1991
Price
$1,684,000
Price Per SF
$582.70
Cap Rate
6%
NOI
$101,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.99 AC
Frontage
47’ on Abbe Rd
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-00-001-000-189 | Improvements Assessment | $357,991 |
| Land Assessment | $141,943 | Total Assessment | $499,933 |
Property Taxes
Parcel Number
03-00-001-000-189
Land Assessment
$141,943
Improvements Assessment
$357,991
Total Assessment
$499,933
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Pizza Hut | 5041 N Abbe Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.