556 Main St - Fast Food FOR SALE


Wellsville, OH 43968
$1,083,333 USD
332-345-4222
556 Main St, Wellsville, OH for Sale
$1,083,333 USD
Fast Food - FOR SALE
1/2
null | 6% Cap Rate

556 Main St
Wellsville, OH 43968


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 556 Main St, Wellsville, OH 43968. The site will consist of roughly 2,266 rentable square feet of building space on estimated 0.28-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 $65,000 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

$1,083,333 USD

PRICE/SF

$451 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

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

Retail

APN/PARCEL ID

8402774000,8402775000

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.