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Pizza Hut 556 Main St

2,400 SF Retail Building Wellsville, OH 43968 £847,654 (£353/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 556 Main St, Wellsville, OH 43968. The site will consist of roughly 2,266 rentable square feet of building space on estimated 0.28-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 $65,000 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
2,400 SF
Building Class
C
Year Built
1979
Price
£847,654
Price Per SF
£353
Net Initial Yield
6%
NOI
£50,859
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Land Acres
0.28 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Retail
1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 8402774000
  • 8402775000
 Improvements Assessment £35,523
Land Assessment £4,687 Total Assessment £40,210

PROPERTY TAXES

Parcel Numbers
Multiple
  • 8402774000
  • 8402775000
Land Assessment
£4,687
Improvements Assessment
£35,523
Total Assessment
£40,210
(332) 345-4222

  • Listing ID: 33272006

  • Date on Market: 23/09/2024

  • Last Updated:

  • Address: 556 Main St, Wellsville, OH 43968

The Retail Property at 556 Main St, Wellsville, OH 43968 is currently available For Sale. Contact NNN Pro Group for more information.

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© 2024 CoStar Group

Pizza Hut | 556 Main St
(332) 345-4222 x

Pizza Hut | 556 Main St

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Howie Curd

(332) 345-4339

(332) 345-4339

Joseph Kelly

(602) 478-4708

(602) 478-4708

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