2797 Waterloo Rd Akron, OH 44312
High-yield QSR investment opportunity.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Fee-simple ownership of a Pizza Hut restaurant in Akron, OH, on approximately one acre. The 2,529 SF building is 100% occupied.
- 20-year absolute NNN lease commenced February 21, 2022, with 17.3 years remaining. $1,250,968 asking price ($494.65/SF), yielding a 6.00% cap rate and $75,058 annual NOI.
- Annual rent increases of 1.75% begin in year seven. Six five-year renewal options extend the potential lease term to 50 years.
- Franchisee guarantee from SFR XI Holdings, LLC (120+ units).
- Glen Kunofsky and Nicoletti DePaul, part owners, are exclusive listing agents (see disclosure).
Property Details for 2797 Waterloo Rd
- Property type
- Retail properties, Restaurants
- Square Feet
- 2,529 SF
- Lot Size (sq. ft)
- 43,560 SF
Location Insight
- City
- Akron
- County
- Summit
- State
- Ohio
- Latitude
- 41.0319484
- Longitude
- -81.4294865
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield QSR investment opportunity.
- Where is the retail property located?
- The property is located at 2797 Waterloo Rd Akron, OH.
- What is the asking price?
- The asking price for this property is $1,250,968.
- What are key features of this property?
- This property features: Fee-simple ownership of a Pizza Hut restaurant in Akron, OH, on approximately one acre. The 2,529 SF building is 100% occupied.; 20-year absolute NNN lease commenced February 21, 2022, with 17.3 years remaining. $1,250,968 asking price ($494.65/SF), yielding a 6.00% cap rate and $75,058 annual NOI.; Annual rent increases of 1.75% begin in year seven. Six five-year renewal options extend the potential lease term to 50 years.
- How can I contact the broker?
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