For Sale
$1,030,000

512 Carroll StNew Lexington, OH 43764

High-Yield QSR in Ohio, 6.25% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully occupied Pizza Hut restaurant located at 512 Carroll St, New Lexington, Ohio 43764. Built in 1991, this property sits on a 0.84-acre lot and offers a strong, stable income stream with an absolute NNN lease structure. The property boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $64,377 annually, resulting in an attractive 6.25% capitalization rate. The asking price for this turnkey operation is $1,030,000. This single-tenant property is classified as a Quick Service Restaurant (QSR) and falls under the retail property type. Its location in Perry County, Ohio, provides excellent access to a well-established customer base. The property's strong performance history and favorable lease terms make it an ideal addition to any diversified investment portfolio. This is a rare opportunity to acquire a well-established, high-performing QSR property with significant upside potential. The property's solid financials and prime location make it a compelling investment prospect. Don't miss out on this chance to secure a valuable asset in a thriving market.

Highlights

  • Fully occupied Pizza Hut restaurant in New Lexington, OH.
  • NNN lease, 0.84-acre lot, built in 1991.
  • $1,030,000 asking price, 6.25% cap rate, $64,377 annual NOI.
  • 100% occupancy, strong income stream, excellent location.

Property Details for 512 Carroll St

Property type
Retail properties, Restaurants
Year Built
1991
Lot Size (sq. ft)
36,590 SF

Location Insight

City
New Lexington
County
Perry
State
Ohio
Latitude
39.7193676
Longitude
-82.2051986
512 Carroll St, New Lexington, Ohio

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512 Carroll St
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