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2300 Cooper Foster Park Rd Lorain, OH 44053

For Sale
$1,882,000

NNN leased Pizza Hut with annual rent increases.

Lot size:
1.00 Acres

Property Features for 2300 Cooper Foster Park Rd

General Information

Lot size
1.00 Acres

Source: Goodman Real Estate Agent Kyle Hartung

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Pizza Hut Investment Opportunity

Offered for sale is the fee simple interest in an absolute net lease with SFR X Holdings, LLC, one of the largest Pizza Hut franchisees in North America. The company purchased over 120 Pizza Hut Restaurants in the Midwest in 2022 and demonstrated their commitment to the brand by executing a new 20-year, absolute triple net lease for the location. The lease has 17 years of guaranteed base term remaining and features annual increases of 1.75% beginning March 1, 2028. The lease also includes six option terms of 5 years each, bringing the total potential remaining lease term to 47 years. The building is situated on 1 acre of retail land adjacent to Chase Bank and Sherwin Williams in a growing retail marketplace. Meijer Grocery recently constructed a 180,000 square foot store on the opposite corner, followed by Chick-fil-A, Panda Express, Five Guys, and Freddy’s Steakburgers. The property is located at a focal point with the State Route 2 interchange one block south, Meijer across the street, and Walmart, Home Depot, and Kohl’s one block north. This retail area has become a dominant shopping node in Cleveland’s western suburbs, contributing to the continued success of this Pizza Hut location.
Insight Report Location Intelligence

Current Use by Public Records

Pizza Hut Pizza Delivery

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lorain
County
Lorain
State
Ohio
Longitude
-82.207571
Latitude
41.418625

FAQs

What type of property is this?
Turn key restaurant - NNN leased Pizza Hut with annual rent increases.
Where is this turn key restaurant located?
The property is located at 2300 Cooper Foster Park Rd Lorain, OH.
What is the asking price?
The asking price for this property is $1,882,000.
What are key features of this property?
This property features: - Absolute NNN lease with 17 years of guaranteed base term remaining.; - Tenant is SFR X Holdings, LLC, one of the largest Pizza Hut franchisees in North America.; - Located in a thriving retail area near Meijer, Walmart, Home Depot, and Kohl's.
More about this property
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