3490 Colorado Ave - Restaurant FOR SALE


Lorain, OH 44052
$1,551,438 USD
918-794-9536
3490 Colorado Ave, Lorain, OH for Sale
$1,551,438 USD
Restaurant - FOR SALE
1/2
null | 6% Cap Rate

3490 Colorado Ave
Lorain, OH 44052


HIGHLIGHTS

  • Globally Recognized Restaurant Brand
  • Top Pizza Hut Franchise Operator (120+ Units)
  • ±17.5 Years of Term Remaining with Renewal Options
  • Absolute NNN Lease and 2022 Renovation
  • 14+ Year Operating History with New 20-Year Lease
  • Drive-Thru Location with Impressive YoY Sales Growth

OVERVIEW

The Property underwent a major renovation in 2022, enhancing its modern appeal and operational efficiency. The location boasts an outstanding year-over-year sales growth of over 19%, significantly outpacing industry averages. The inclusion of a drive-thru significantly boosts sales by catering to customers looking for quick, convenient service. In association with: Rob Gemerchak, OH Lic #BRKP.2019006339

FOR SALE DETAILS

PRICE

$1,551,438 USD

PRICE/SF

$1,343 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

-

APN/PARCEL ID

03-00-057-112-024

ASK ABOUT THIS PROPERTY

Mark GrossmanNorthmarqMore Info
918-794-9536

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Mark GrossmanNorthmarqMore Info
918-794-9536

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