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