16848 St Clair AveEast Liverpool, OH 43920

Property Details for 16848 St Clair Ave

Year built

1981

Lot size

0.90 AC

Property size (Sq ft)

2,974 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a Pizza Hut restaurant located at 16848 St Clair Ave, East Liverpool, OH 43920. The property, built in 1981 and extensively renovated in 2021, boasts 2,974 square feet on a 0.9-acre lot. This single-tenant, absolute NNN lease with a credit-rated franchisee offers significant long-term stability. The current lease commenced February 22, 2022, and extends for 20 years, with six 5-year renewal options, providing approximately 17.3 years of remaining lease term. Rent increases are structured with 1.75% annual bumps starting in year seven. The property enjoys a 100% occupancy rate, generating a Net Operating Income (NOI) of $100,000 and a 6.00% cap rate. This high-performing Pizza Hut consistently ranks within the top 8.6% nationally based on customer visits, demonstrating exceptional market strength and sustained popularity. The property's impressive year-over-year sales growth exceeds 16%, significantly outpacing industry averages. This is a rare opportunity to acquire a top-performing, nationally recognized brand in a prime location with minimal landlord responsibilities. The property's strong financial performance, coupled with the long-term lease and built-in rent escalations, makes it an attractive investment for discerning buyers seeking passive income and significant return on investment.

Location Insight

City

East Liverpool

County

Columbiana

State

Ohio

Latitude

40.6558

Longitude

-80.5742

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