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Pizza Hut 512 Carroll St 2,243 SF Retail Building New Lexington, OH 43764 $814,775 ($363.25/SF) 8% Cap Rate
Investment Highlights
- Central Location in New Lexington
- Limited Direct Competition
- Consistent Local Traffic Patterns
- Stable and Growing Population Base
Executive Summary
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 512 Carroll Street, New Lexington, OH 43764. The site consists of roughly 2,243 rentable square feet of building space on an estimated .84-acre parcel of land. Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which commenced 10/29/2018. The current annual rent is $65,182 and has scheduled increases of 1.25% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,243 SF
Building Class
C
Year Built
1991
Price
$814,775
Price Per SF
$363.25
Cap Rate
8%
NOI
$65,182
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.84 AC
Opportunity Zone
Yes
Zoning
Commercial
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 270001400000 | Improvements Assessment | $109,720 |
| Land Assessment | $40,950 | Total Assessment | $150,670 |
Property Taxes
Parcel Number
270001400000
Land Assessment
$40,950
Improvements Assessment
$109,720
Total Assessment
$150,670
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Pizza Hut | 512 Carroll St
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