For Sale
$1,666,666

1951 Prospect RdAshtabula, OH 44004

Added:
Dec 11, 2024
Days on market:
114

Highlights

  • Approximately 18 years remaining on the base lease term, plus six 5-year options, providing long-term passive income.
  • Absolute NNN lease with annual rent increases (starting March 1, 2028), offering strong rental growth and no landlord responsibilities.
  • Tenant is SFR XI Holdings, LLC, the 11th largest Pizza Hut franchisee in North America, operating over 120 locations.
  • Pizza Hut, a globally recognized brand with strong sales and part of the Yum! Brands family.
  • Recession and internet-resistant tenant, providing a secure investment.
  • Ideal 1031 exchange opportunity with a low price point.

Property Details for 1951 Prospect Rd

Property type
Retail properties, Restaurants
Square Feet
3,199 SF
Year Built
1985
Lot Size (sq. ft)
118,048 SF

Location Insight

City
Ashtabula
County
Ashtabula
State
Ohio
Latitude
41.8579855
Longitude
-80.8102472
1951 Prospect Rd, Ashtabula, Ohio

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1951 Prospect Rd
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