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 |