2797 E Waterloo Rd - Fast Food FOR SALE


Akron, OH 44312
$1,250,968 USD
332-345-4222
2797 E Waterloo Rd, Akron, OH for Sale
$1,250,968 USD
Fast Food - FOR SALE
1/2
null | 6% Cap Rate

2797 E Waterloo Rd
Akron, OH 44312


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 2797 East Waterloo Rd, Akron, OH 44312. The site will consist of roughly 2,529 rentable square feet of building space on estimated 1.00-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 $75,058 and is scheduled to increase by one-and-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

$1,250,968 USD

PRICE/SF

$495 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

1975

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

C-1

APN/PARCEL ID

51-09364

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.