The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 795 Y’town-Warren Rd, Niles, OH 44446. The site will consist of roughly 2,940 rentable square feet of building space on estimated 1.44-acre parcel of land. The Pizza Hut is subject to a 20-year absolute triple-net (NNN) lease that commenced on 2/22/2022. The initial annual rent will be $84,401 and is scheduled to increase by one-and-three-quarters percent (1.75%) annually starting year seven (7) of the base term and continuing through six (6), five (5)-year renewal periods.
About the Investment:
– Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
– 1.75% Rental Increases Annually Starting Year Seven (7)
– Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
– Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
– Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
