311 E Lincolnway - Fast Food FOR SALE


Minerva, OH 44657
$1,129,088 USD
858-675-7600
311 E Lincolnway, Minerva, OH for Sale
$1,129,088 USD
Fast Food - FOR SALE
1/3
null | 6.25% Cap Rate

311 E Lincolnway
Minerva, OH 44657


HIGHLIGHTS

  • Strong Franchisee Guaranty
  • Absolute NNN Lease | No Landlord Responsibility | 1.75% Annual Rent Increases Starting in 2028 | Options Extend to 2073
  • Retail Trade Area | Surrounded by National Retail Tenants
  • Across from Minerva Brock Park | Neighborhood Family Fun Day
  • Less than One Mile from Minerva Elementary and Middle School | 1,258 Students in Elementary and Middle School
  • Nearby Minerva Dairy | 200 Employees Commute Daily

OVERVIEW

Northmarq Restaurant Group is pleased to offer for sale the exclusive single-tenant Pizza Hut restaurant located in Minerva, OH. This property is ideally positioned and benefits from the presence of national retail tenants nearby, including McDonald’s, Dairy Queen, Domino’s, Carl’s Jr., and Rite Aid. The property is backed by a strong franchisee which operates over 120 units and an Absolute NNN lease with a 20-year base term, which includes 1.75% annual rent increases starting in 2028. Located directly across from Minerva Brock Park, the site attracts local traffic due to numerous civic events such as Minerva Family Fun Day. Pizza Hut is situated approximately one mile from Minerva Elementary and Middle Schools, which host a combined total of 1,258 students, along with their parents and staff, contributing to daily traffic in the area. Furthermore, it is less than one mile from Minerva Dairy, which employs 200 workers and also enhances local visitation to the site.

FOR SALE DETAILS

PRICE

$1,129,088 USD

PRICE/SF

$430 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

-

APN/PARCEL ID

04200240

ASK ABOUT THIS PROPERTY

Mike PhilbinNorthmarqMore Info
858-675-7600

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Mike PhilbinNorthmarqMore Info
858-675-7600

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