2665 Manchester RdAkron, OH 44319

Property Details for 2665 Manchester Rd

Year built

1977

Lot size

0.79 AC

Property size (Sq ft)

2,879 SF

Property type

Drive through restaurants

APN

68-52945

APU

6852945

Description

This exceptional investment opportunity presents a 3,029 square foot Pizza Hut located at 2665 Manchester Rd, Akron, OH 44319, situated on a 0.8-acre lot. The property is subject to a 20-year absolute triple-net (NNN) lease, commencing February 22, 2022, and expiring February 27, 2042, leaving 17.3 years remaining. The current annual net operating income (NOI) is $88,826, representing a 6.00% cap rate and a price per square foot of $488.75. The lease includes six, five-year tenant renewal options, extending the potential lease term to 50 years. Annual rent increases of 1.75% are scheduled to begin in year seven. The franchisee, SFR XI Holdings, LLC, operates approximately 120+ units, providing a strong guarantee. This is a 100% occupied, single-tenant property offering a secure, long-term investment with significant upside potential. The property is currently operating as a successful Pizza Hut restaurant, benefiting from its established location and brand recognition. This is a rare opportunity to acquire a high-performing, passively managed investment with a proven track record. The property's strong financial performance, coupled with the long-term lease and built-in rent escalations, makes it an attractive investment for both seasoned and new investors seeking stable returns in the commercial real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $804,854

  6.5%

  $742,942

  7%

  $689,875

• Comparable approach

  Method

  Valuation

  Relative Method

  $678,640

  Geo Method

  $678,640

• Alternative Use

  Use

  Valuation

  Residential

  $626,700

  Hospitality

  $574,054

  Educational

  $477,606

  Medical

  $494,031

  Retail

  $742,942

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0262

Longitude

-81.5474

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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