About This Restaurant
Investment Highlights
Executive Summary
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 2665 Manchester Rd, Akron, OH 44319. The site will consist of roughly 3,029 rentable square feet of building space on estimated 0.80-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 $88,826 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 Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 3,029
- Building Class C
- Year Built 1977
- Price 1,480,427
- Price Per SF 489
- Cap Rate 6
- NOI 88,826
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.09
- Land Acres 0.79 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.
Property Taxes
| Parcel Number | 68-52945 | Improvements Assessment | $33,121 |
| Land Assessment | $77,368 | Total Assessment | $110,489 |
| Date Created: | 2024-07-16 04:18:06 | Last Updated: | 2024-07-16 04:18:06 |
| Address: | 2665 Manchester Rd , Akron, Ohio, 44319 | ||