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Strong
Franchisee Guaranty
Absolute NNN
Lease
Major Visibility from
OH-44 Highway
13.9 Million
Annualized Traffic Count
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.
Major Visibility from OH-44 Highway and Mentor Ave (US Route 20) Sitting on the corner of Mentor Avenue (US Route 20)and OH-44, Pizza Hut is directly visible from both the highway and Mentor Avenue, which has been Painesville Township's bustling commercial corridor due to recent commercial development along the street.
High Traffic Counts | 13.9 Million Annualized Traffic Count Mentor Avenue and OH-44 provide high traffic counts, driving more people to the site every day. Mentor Avenue sees 16,932 vehicles per day, or 6.2 million vehicles annually. OH-44 also reports high traffic counts, seeing 20,993 vehicles per day, or 7.7 million vehicles annually.
2 Miles from Lake Erie College Dormitory Development Pizza Hut is two miles from the former Chase Bank building in Painesville Square, which is being redeveloped into dorms for 172 students at Lake Erie College, and adding two new restaurants and classroom space. The $16.5 million development has been completed and opened in June 2024, generate an expected $228,760 from student spending, and generate activity in Painesville Square that will stimulate the local economy.
2 Miles from Victoria Place Renovation in Downtown Painesville | Estimated Completion October 2025 In addition to the Lake Erie College Dormitory Development, Pizza Hut is two miles from Victoria Place, which is being redeveloped into a mixed use commercial, residential, and office complex that will hold at least 124 new residents, create 135 office jobs and retain the current 65 jobs on campus, and add restaurant and event space for weddings and special events.
Less than 3 Miles from Blackbrook Road Industrial Park The Property is less than 3 miles from Blackbrook Road Industrial Park, which has developed into a successful manufacturing area for Painesville Township. Pizza Hut will benefit from the influx of daily traffic from employees commuting to and from the industrial park every day.
