For Sale
$1,473,342

795 Youngstown Warren RdNiles, OH 44446

High-yield Pizza Hut investment. Strong lease terms.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 2,940-square-foot Pizza Hut located at 795 Youngstown Warren Rd, Niles, OH 44446, on a 1.44-acre lot. The property is subject to a 20-year absolute triple-net (NNN) lease, commencing February 22, 2022, and expiring February 27, 2042, with a remaining term of 17.3 years. The current annual net operating income (NOI) is $88,401, representing a 6.00% cap rate and a price per square foot of $501.14. The lease includes annual rent increases of 1.75% starting March 1, 2028, and six five-year tenant renewal options, potentially extending the lease term to 50 years. The franchisee, SFR XI Holdings, LLC, operates approximately 120+ units, providing a strong guarantee. This offering presents a secure, long-term investment with significant upside potential due to the established brand, favorable lease terms, and consistent rental income growth. The property is currently 100% occupied. The asking price for this exceptional investment is $1,473,342.

Highlights

  • 20-Year Absolute NNN Lease with Pizza Hut, commencing February 22, 2022.
  • 1.75% annual rent increases starting in year seven.
  • Six, five-year tenant renewal options, extending the potential lease term to 50 years.
  • Franchisee guarantee from SFR XI Holdings, LLC, operating 120+ units.
  • Partial ownership by listing agents Glen Kunofsky and Nicoletti DePaul.

Property Details for 795 Youngstown Warren Rd

Property type
Retail properties
Square Feet
2,940 SF
Lot Size (sq. ft)
62,726 SF

Location Insight

City
Niles
County
Trumbull
State
Ohio
Latitude
41.1969677
Longitude
-80.7279734
795 Youngstown Warren Rd, Niles, Ohio

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795 Youngstown Warren Rd
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