4034 S Cleveland Massillon Rd - Restaurant FOR SALE


Norton, OH 44203
$1,458,016 USD
310-853-1419
4034 S Cleveland Massillon Rd, Norton, OH for Sale
$1,458,016 USD
Restaurant - FOR SALE
1/5
null | 6% Cap Rate

4034 S Cleveland Massillon Rd
Norton, OH 44203


HIGHLIGHTS

  • Long-Term Passive Income Opportunity With Approximately 18 Years Remaining on the Base Lease Term
  • Absolute NNN Lease With Annual Rent Increases (Starting March 1, 2028) Provides an Investor Strong Rental Growth
  • Leading Pizza Hut Franchisee With 120+ Locations Operated By SFR XI Holdings, LLC, and Guaranteed By SFR XI Holdings, LLC
  • Globally Recognized Restaurant Brand Pizza Hut, Part of the Yum! Brands Family, Operates Close to 20,000 Locations Globally
  • Pandemic, Recession and Internet Resistant Tenant, Providing a Secure and Passive Investment Opportunity
  • Ideal 1031 Exchange Opportunity Featuring a Low Price Point

OVERVIEW

Sands Investment Group is Pleased to Exclusively Offer For Sale the Pizza Hut Located at 4034 South Cleveland Massillon Road in Norton, OH. This Property Boasts Approximately 18 Years Remaining on the Base Term of the Lease, With Six (5-Year) Option Periods, Ensuring a Long-Term and Stable Passive Income Stream. The Lease is an Absolute NNN, the Tenant is Responsible For All Property-Related Expenses and Includes Annual Rent Increases of 1.75% (Starting March 1, 2028), Providing a Steady Growth in Rental Income. Strategically Located in a High-Traffic Area With Strong Demographics. The Combination of a Well-Established Brand, a Leading Franchise Operator and Favorable Lease Terms Makes This an Attractive and Stable Investment Opportunity. In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224

FOR SALE DETAILS

PRICE

$1,458,016 USD

PRICE/SF

$1,020 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut - Norton, OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

-

APN/PARCEL ID

46-08894

ASK ABOUT THIS PROPERTY

Daniel HoogestegerSands Investment Group Santa Monica, LLCMore Info
310-853-1419

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Daniel HoogestegerSands Investment Group Santa Monica, LLCMore Info
310-853-1419

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