512 Carroll StNew Lexington, OH 43764

Property Details for 512 Carroll St

Year built

1991

Construction

FRAME

Lot size

0.78 AC

Property size (Sq ft)

2,124 SF

Property type

Turn key restaurants

APN

27-000140.0000

APU

270001400000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $553,711

  6.5%

  $511,117

  7%

  $474,609

• Comparable approach

  Method

  Valuation

  Relative Method

  $500,671

  Geo Method

  $500,671

• Alternative Use

  Use

  Valuation

  Residential

  $431,147

  Hospitality

  $394,928

  Educational

  $328,576

  Medical

  $339,876

  Retail

  $511,117

Location Insight

City

New Lexington

County

Perry

State

Ohio

Latitude

39.7193

Longitude

-82.2051

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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