Pizza Hut

 Painesville, OH

Asking Price


Cap Rate




Franchisee Guaranty


Absolute NNN



Major Visibility from

OH-44 Highway


13.9 Million

Annualized Traffic Count

For more details on this exclusive listing

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  • 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 is expected to be completed 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. 

Exclusively Listed By: Northmarq Restaurant Group

Mike Philbin

Senior Vice President      (858) 877-9847

Enoch Escalera

Investment Sales Analyst      (971) 351-9232

Maggie Brady

Investment Sales Analyst      (858) 529-8972

In Association With
Jeff McKinney

OH Lic. #BRK.2016002560


4260 Galewood St. Suite A
Lake Oswego, OR 97035