This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

948 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Pizza Hut 2797 E Waterloo Rd

2,529 SF Retail Building Akron, OH 44312 £988,277 (£391/SF) 6% Net Initial Yield

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
  • Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
  • 1.75% Rental Increases Annually Starting Year Seven (7)

Executive Summary

The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 2797 East Waterloo Rd, Akron, OH 44312. The site will consist of roughly 2,529 rentable square feet of building space on estimated 1.00-acre parcel of land. The Pizza Hut is subject to a 20-year absolute triple-net (NNN) lease that commenced on 2/22/2022. The initial annual rent will be $75,058 and is scheduled to increase by one-and-three-quarters percent (1.75%) annually starting year seven (7) of the base term and continuing through six (6), five (5)-year renewal periods.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,529 SF
Building Class
C
Year Built
1975
Price
£988,277
Price Per SF
£391
Net Initial Yield
6%
NOI
£59,297
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
1.14 AC
Zoning
C-1
Parking
50 Spaces (19.77 Spaces per 1,000 SF Leased)
Frontage
62 ft on Waterloo Rd

Amenities

  • Signage
1 of 1
2797 E Waterloo Rd, Akron, OH - aerial map view

PROPERTY TAXES

Parcel Number 51-09364 Improvements Assessment £114,168
Land Assessment £17,171 Total Assessment £131,339

PROPERTY TAXES

Parcel Number
51-09364
Land Assessment
£17,171
Improvements Assessment
£114,168
Total Assessment
£131,339
(332) 345-4222

  • Listing ID: 30018119

  • Date on Market: 09/11/2023

  • Last Updated:

  • Address: 2797 E Waterloo Rd, Akron, OH 44312

The Retail Property at 2797 E Waterloo Rd, Akron, OH 44312 is currently available For Sale. Contact NNN Pro Group for more information.

Nearby Listings

1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/3
2797 E Waterloo Rd, Akron, OH for sale Building Photo- Image 1 of 3
pic 1 2797 east
2797 E Waterloo Rd, Akron, OH for sale Aerial- Image 2 of 3
pic 2 2797

1 of 1

Connect with us

© 2024 CoStar Group

Pizza Hut | 2797 E Waterloo Rd
(332) 345-4222 x

Pizza Hut | 2797 E Waterloo Rd

1/3

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Howie Curd

(332) 345-4339

(332) 345-4339

Joseph Kelly

(332) 345-4315

(332) 345-4315

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link