Pizza Hut 16848 St Clair Ave

16848 St Clair Ave , East Liverpool, Ohio, 43920 | 2,974 sq.f | $ 1,666,667

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About This Restaurant

Investment Highlights

Executive Summary

The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 16848 St Clair Ave, E. Liverpool, OH 43920. The site consists of roughly 2,974 rentable square feet of building space on estimated 0.90-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 $100,000 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 Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food
  • Building Size    2,974
  • Building Class    B
  • Year Built/Renovated    1982/2021
  • Price    1,666,667
  • Price Per SF    560
  • Cap Rate    6
  • NOI    100,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.08
  • Land Acres    0.90 AC

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

Property Taxes

Parcel Number 6103727000 Improvements Assessment $20,510
Land Assessment $97,130 Total Assessment $117,640
Date Created: 2024-07-16 04:18:06 Last Updated: 2024-07-16 04:18:06
Address: 16848 St Clair Ave , East Liverpool, Ohio, 43920