512 Carroll St - Restaurant FOR SALE


New Lexington, OH 43764
$1,086,000 USD
470-344-2586
512 Carroll St, New Lexington, OH for Sale
$1,086,000 USD
Restaurant - FOR SALE
1/7
null | 6% Cap Rate

512 Carroll St
New Lexington, OH 43764


HIGHLIGHTS

  • Approximately 9 Years Remaining | Options To Extend | Annual Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Kroger-Anchored Center (84,000+ SF) | Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Pizza Hut investment property located in New Lexington, Ohio. The tenant, ADT Ohio, LLC, has approximately 9 years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.25% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,086,000 USD

PRICE/SF

$484 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

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

Commercial

APN/PARCEL ID

270001400000

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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