795 Youngstown Warren RdNiles, OH 44446

Property Details for 795 Youngstown Warren Rd

Year built

2004

Lot size

1.44 AC

Property size (Sq ft)

3,330 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

25-900650

APU

25900650

Description

This exceptional investment opportunity presents a 2,940-square-foot Pizza Hut located at 795 Youngstown Warren Rd, Niles, OH 44446, on a 1.44-acre lot. The property is subject to a 20-year absolute triple-net (NNN) lease, commencing February 22, 2022, and expiring February 27, 2042, with a remaining term of 17.3 years. The current annual net operating income (NOI) is $88,401, representing a 6.00% cap rate and a price per square foot of $501.14. The lease includes annual rent increases of 1.75% starting March 1, 2028, and six five-year tenant renewal options, potentially extending the lease term to 50 years. The franchisee, SFR XI Holdings, LLC, operates approximately 120+ units, providing a strong guarantee. This offering presents a secure, long-term investment with significant upside potential due to the established brand, favorable lease terms, and consistent rental income growth. The property is currently 100% occupied. The asking price for this exceptional investment is $1,473,342.

• CAP approach

  CAP return

  Valuation

  6%

  $930,936

  6.5%

  $859,326

  7%

  $797,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $784,950

  Geo Method

  $784,950

• Alternative Use

  Use

  Valuation

  Residential

  $724,873

  Hospitality

  $663,980

  Educational

  $552,424

  Medical

  $571,422

  Retail

  $859,326

Location Insight

City

Niles

County

Trumbull

State

Ohio

Latitude

41.197

Longitude

-80.7277

CBSA code

49660

CBSA name

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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