2665 Manchester Rd - Fast Food FOR SALE


Akron, OH 44319
$1,480,427 USD
332-345-4222
2665 Manchester Rd, Akron, OH for Sale
$1,480,427 USD
Fast Food - FOR SALE
1/2
null | 6% Cap Rate

2665 Manchester Rd
Akron, OH 44319


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

OVERVIEW

The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 2665 Manchester Rd, Akron, OH 44319. The site will consist of roughly 3,029 rentable square feet of building space on estimated 0.80-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 $88,826 and is scheduled to increase by one-and-threequarters 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

$1,480,427 USD

PRICE/SF

$489 USD /SF

CAP RATE

6%

% 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

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

68-52945

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.