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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