1951 W Prospect Rd - Restaurant FOR SALE


Ashtabula, OH 44004
$1,666,666 USD
310-853-1419
1951 W Prospect Rd, Ashtabula, OH for Sale
$1,666,666 USD
Restaurant - FOR SALE
1/6
null | 6% Cap Rate

1951 W Prospect Rd
Ashtabula, OH 44004


HIGHLIGHTS

  • Long-Term Passive Income Opportunity With Approximately 18 Years Remaining on the Base Lease Term, Along With Six (6) Optional Five-Year Extensions
  • ABS NNN Lease With Annual Rent Increases (Starting March 1, 2028)
  • Leading Pizza Hut Franchisee With 120+ Locations Operated By SFR XI Holdings, LLC, and Guaranteed By SFR XI Holdings, LLC, the 11th Largest Pizza Hut
  • Pandemic, Recession and Internet Resistant Tenant, Providing a Secure and Passive Investment Opportunity
  • Ideal 1031 Exchange Opportunity Featuring a Low Price Point
  • First Signalized Intersection Off Highway 480, Across From a Giant Eagle Grocery Shopping Center

OVERVIEW

Sands Investment Group is Pleased to Exclusively Offer For Sale the Pizza Hut Absolute NNN Asset Located at 1951 West Prospect Road in Ashtabula, OH. This Property Boasts Approximately 18 Years Remaining on the Base Term of the Lease, With Six (5- Year) Option Periods, Ensuring a Long-Term and Stable Passive Income Stream. The Lease is an Absolute NNN, the Tenant is Responsible For All Property-Related Expenses and Includes Annual Rent Increases of 1.75% (Starting March 1, 2028), Providing a Steady Growth in Rental Income. Strategically Located in a High-Traffic Area With Strong Demographics. The Combination of a Well-Established Brand, a Leading Franchise Operator and Favorable Lease Terms Makes This an Attractive and Stable Investment Opportunity. In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224

FOR SALE DETAILS

PRICE

$1,666,666 USD

PRICE/SF

$521 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut - Ashtabula, OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.71 AC

LAND SF

117,830 SF

ZONING

Commercial

APN/PARCEL ID

480100005000

ASK ABOUT THIS PROPERTY

Daniel HoogestegerSands Investment Group Santa Monica, LLCMore Info
310-853-1419

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Daniel HoogestegerSands Investment Group Santa Monica, LLCMore Info
310-853-1419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.