3355 Maple AveZanesville, OH 43701

Property Details for 3355 Maple Ave

Year built

1976

Lot size

0.56 AC

Property size (Sq ft)

4,716 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

86-30-01-11-000

APU

86300111000

Description

This exceptional investment opportunity presents a fee-simple ownership of a Pizza Hut restaurant located at 3355 Maple Ave, Zanesville, OH 43701, in Muskingum County. The property boasts 2,843 square feet on a 0.56-acre lot and features a single-story building constructed in 1976. Currently operating under a franchisee, the absolute NNN lease offers significant stability with a remaining term of 9.4 years and attractive annual rent increases of 1.25%. The property's strong financial performance is reflected in its $1,203,000 asking price, a price per square foot of $423.14, and a compelling 6.25% cap rate, generating a net operating income (NOI) of $75,190. The location benefits from the presence of national credit tenants in the surrounding area. This is a turnkey investment ideal for passive income seekers seeking a stable, high-performing asset with built-in rent growth. The property is offered as a fee-simple sale. The property is a single-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,318,407

  6.5%

  $1,216,991

  7%

  $1,130,063

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,111,659

  Geo Method

  $1,111,659

• Alternative Use

  Use

  Valuation

  Residential

  $1,026,577

  Hospitality

  $940,339

  Educational

  $782,351

  Medical

  $809,258

  Retail

  $1,216,991

Location Insight

City

Zanesville

County

Muskingum

State

Ohio

Latitude

39.9834

Longitude

-82.0209

CBSA code

49780

CBSA name

ZANESVILLE, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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