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Pizza Hut

Loudonville, Ohio

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Marcus & Millichap is pleased to present the exclusive listing for the Pizza Hut located at 800 South Market St, Loudonville, OH 44842. The site will consist of roughly 2,815 rentable square feet of building space on estimated 1.67-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 $53,220 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.

Marcus & Millichap is pleased to present the exclusive listing for the Pizza Hut located at 800 South Market St, Loudonville, OH 44842. The site will consist of roughly 2,815 rentable square feet of building space on estimated 1.67-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 $53,220 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.

Key Details

Price:
$1,064,398
Cap Rate:
5.00%
Annual Rent:
$53,220
Address:
800 South Market St, Loudonville, Ohio 44842
Property Type:
Net Leased Quick Service Restaurant
Lease Type:
Absolute Triple-Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
2/22/2022
Lease Expiration:
2/28/2042
Rental Increases:
1.75% Annually, Starting Year Seven (7)
Lot Size:
1.67 Acres
Building Size:
2,815 SF
Tenant:
Pizza Hut

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Ryan Sblendorio

License: 10401309105

John Winslow

License: 10401334977

Howard Curd

License: 10401339720

Broker of record

Michael Glass

License: BRK.2007005898


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