239 N Market St - Fast Food FOR SALE


East Palestine, OH 44413
$857,143 USD
332-345-4222
239 N Market St, East Palestine, OH for Sale
$857,143 USD
Fast Food - FOR SALE
1/2
null | 7% Cap Rate

239 N Market St
East Palestine, OH 44413


HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
  • 1.75% Rental Increases Annually Starting Year Seven (7)
  • Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years Franchisee Guarantee from SFR XI Holdings, LLC

OVERVIEW

The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 239 North Market St, E. Palestine, OH 44413. The site will consist of roughly 675 rentable square feet of building space on estimated 0.38-acre parcel of land. The Pizza Hut is subject to a 20-year absolute triple-net (NNN) lease that commenced on 2/22/2022. The initial annual rent will be $60,000 and is scheduled to increase by oneand- three-quarters percent (1.75%) annually starting year seven (7) of the base term and continuing through six (6), five (5)-year renewal periods.

FOR SALE DETAILS

PRICE

$857,143 USD

PRICE/SF

$1,270 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

Retail

APN/PARCEL ID

6801455000,6801456000,6802203000,6802204000,6802392000,6802393000

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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