Pizza Hut - Net Lease Property for Sale
Ashtabula, OH
Key Investment Metrics
Price
$1,428,570
Cap Rate
7.0%
Net Operating Income
$100,000
Building Size
3306 SF
Lot Size
3,306 SF
Land Area
2.67 Acres
Remaining Term
16.2 years
Lease Expiration
02/27/2042
Lease Term
20 years
Lease Commencement
02/21/2022
Lease Type
Absolute NNN
Year Built
1985
Occupancy
100%
Tenancy
Single
Rent Increases
1.75% annually staring in Year 7 (2028)
About This Pizza Hut Net Lease Property
This Pizza Hut NNN (triple net lease) property is located in Ashtabula, OH and represents an excellent investment opportunity for commercial real estate investors. The property features 3306 square feet of building space and was built in 1985.
With a cap rate of 7.0%, this Pizza Hut net lease property offers stable income potential. The asking price is $1,428,570, making it an attractive option for 1031 exchange investors seeking quality Pizza Hut commercial properties.
Why Invest in Pizza Hut NNN Properties?
- Stable Income: Pizza Hut net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Pizza Hut is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Ashtabula, OH Market Overview
Located in Ashtabula, OH, this Pizza Hut property benefits from strong local demographics and market fundamentals. The Ashtabula area offers excellent visibility and accessibility, making it an ideal location for Pizza Hut operations and a solid investment for net lease property buyers.