Retail    

Pizza Hut

 Oberlin, OH

Asking Price

$1,167,800

Cap Rate

6.00%

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Strong

Franchisee Guaranty

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Absolute NNN

Lease

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Located on a

Signalized Intersection

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Nearby

Walmart Supercenter

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Strong Franchisee Guaranty
    The investment is backed by a franchisee guaranty, SFR X Holdings, LLC, which owns and operates over 120 units nationwide.
  • Absolute NNN Lease | No Landlord Responsibility | 1.75% Annual Rent Increases Starting in 2028 | Options Extend to 2073
    Pizza Hut is under an Absolute NNN lease structure, leaving no responsibility to the Landlord, creating a passive income investment. Additionally, the lease features 1.75% annual rent increases starting in 2028, and offers the same increases in each of the 6, 5-year options.
  • Signalized Hard Corner | Sits on Route 20 and Route 58 Intersection | Over 5 Million Annualized Traffic Count
    Pizza Hut benefits from a signalized hard corner, strategically placed on State Route 20 and Route 58, which see 7,493 vehicles per day (State Route 20), and 7,262 vehicles per day (Route 58), or 5.4 million vehicles annually. 
  • Nearby Walmart Supercenter | National Retail Tenants Nearby
    The Property benefits from its proximity to the Walmart Supercenter, which will increase daily traffic to the site, as well as benefit from national retail tenants such as Wendy's, Marathon Gas, ALDI, and Advance Auto Parts. 
  • Green Acre Housing and Commercial Development Nearby
    North of the subject property, private developers have purchased 36 acres of land to build a commercial and residential mixed use development. The finished project intends to create first floor commercial and retail space with an estimated 250 residential units, increasing density, traffic, and resident spending in the area. 
  • Nearby City-Funded Industrial Park Development
    The City of Oberlin has recently purchased 212 acres off of State Route 20 to develop an industrial park for the area. The city intends to fill the project with local and national industrial tenants to increase daily traffic and revenue for the City of Oberlin. 

Exclusively Listed By: Northmarq Restaurant Group

Mike Philbin

Senior Vice President
  mphilbin@northmarq.com      (858) 877-9847

Enoch Escalera

Investment Sales Analyst
  eescalera@northmarq.com      (971) 351-9232

Maggie Brady

Investment Sales Analyst
  mbrady@northmarq.com      (858) 529-8972

In Association With
Jeff McKinney

OH Lic. #BRK.2016002560

Northmarq

4260 Galewood St. Suite A
Lake Oswego, OR 97035


northmarq.com