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Pizza Hut

Jackson, Ohio

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Marcus & Millichap is pleased to present the exclusive listing for a Pizza Hut located at 800 Main Street in Jackson, Ohio. The site consists of roughly 3,456 rentable square feet of building space on estimated 0.12-acre parcel of land. This Pizza Hut is subject to an original 10-year absolute triple-net (NNN) lease, which commenced June 15th, 2022. The current annual rent is $65,000 and is scheduled to increase by 7.50% every 5 years throughout the base term and in each of the 4, 5-year renewal options.

✓ 10-Year Absolute Triple Net (NNN) Lease – +/- 9.75 Years Remaining
✓ Seven and One-Half Percent (7.50%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease
Term to 30 Years
✓ Fee Simple Ownership

Key Details

Price:
$1,130,435
Cap Rate:
5.75%
Annual Rent:
$65,000
Address:
800 Main Street, Jackson, Ohio 45640
Property Type:
Retail
Lease Type:
Absolute Triple Net (NNN)

Original Lease Term:
10 Years
Lease Commencement:
June 15, 2022
Lease Expiration:
July 1, 2032
Lease Term Remaining:
+/- 9.8 Years
Rental Increases:
7.5% Every 5 Years
Lot Size:
.12 Acres
Building Size:
3,456 SF
Year Built:
1979
Tenant:
Pizza Hut

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Russell Wachtler

License: 10401294048

Robert Stein

License: 10401341647

Broker of record

Michael Glass

License: 2007005898


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