Pizza Hut - Norton, OH | 4034 S Cleveland Massillon Rd
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Pizza Hut - Norton, OH 4034 S Cleveland Massillon Rd
1,430 SF Retail Building Norton, OH 44203 £1,168,600 (£817/SF) 6% Net Initial Yield
Investment Highlights
- Long-Term Passive Income Opportunity With Approximately 18 Years Remaining on the Base Lease Term
- Leading Pizza Hut Franchisee With 120+ Locations Operated By SFR XI Holdings, LLC, and Guaranteed By SFR XI Holdings, LLC
- Pandemic, Recession and Internet Resistant Tenant, Providing a Secure and Passive Investment Opportunity
- Absolute NNN Lease With Annual Rent Increases (Starting March 1, 2028) Provides an Investor Strong Rental Growth
- Globally Recognized Restaurant Brand Pizza Hut, Part of the Yum! Brands Family, Operates Close to 20,000 Locations Globally
- Ideal 1031 Exchange Opportunity Featuring a Low Price Point
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the Pizza Hut Located at 4034 South Cleveland Massillon Road in Norton, OH. This Property Boasts Approximately 18 Years Remaining on the Base Term of the Lease, With Six (5-Year) Option Periods, Ensuring a Long-Term and Stable Passive Income Stream. The Lease is an Absolute NNN, the Tenant is Responsible For All Property-Related Expenses and Includes Annual Rent Increases of 1.75% (Starting March 1, 2028), Providing a Steady Growth in Rental Income. Strategically Located in a High-Traffic Area With Strong Demographics. The Combination of a Well-Established Brand, a Leading Franchise Operator and Favorable Lease Terms Makes This an Attractive and Stable Investment Opportunity.
In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,430 SF
Building Class
C
Year Built
2012
Price
£1,168,600
Price Per SF
£817
Net Initial Yield
6%
NOI
£70,116
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
0.86 AC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Pizza Hut
- Accommodation and Food Services
- 1,430 SF
- £48.90
- Feb 2042
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Pizza Hut | Accommodation and Food Services | 1,430 SF | £48.90 | Feb 2042 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 46-08894 | Improvements Assessment | £101,207 |
| Land Assessment | £21,077 | Total Assessment | £122,284 |
PROPERTY TAXES
Parcel Number
46-08894
Land Assessment
£21,077
Improvements Assessment
£101,207
Total Assessment
£122,284
Contacts
-
Daniel Hoogesteger -
Jonathan Silver -
Max Freedman -
Sands Investment Group Santa Monica, LLC
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Pizza Hut - Norton, OH | 4034 S Cleveland Massillon Rd
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