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795 Youngstown Warren Rd Niles, OH 44446

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For Sale
$1,478,816

NNN leased Pizza Hut with annual rental increases.

Property size:
2,940 SF
Lot size:
1.31 Acres

Property Features for 795 Youngstown Warren Rd

General Information

Size
2,940 SF
Lot size
1.31 Acres

Source: NNN Pro Group Agent Glen Kunofsky

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


Overview

Pizza Hut Investment Opportunity

This property features a Pizza Hut located at 795 Y’town-Warren Rd, Niles, OH 44446. The site includes approximately 2,940 rentable square feet of building space on an 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 is $84,401, with scheduled increases of 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. The lease includes six (6) five (5)-year tenant renewal options, potentially extending the lease term to 50 years. The lease is franchisee guaranteed by SFR XI Holdings, LLC, which operates approximately 120+ units.
Insight Report Location Intelligence

Current Use by Public Records

Pizza Hut Pizza Delivery Wing Street Restaurant

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Niles
County
Trumbull
State
Ohio
Longitude
-80.7281687
Latitude
41.1966567

FAQs

What type of property is this?
Turn key restaurant - NNN leased Pizza Hut with annual rental increases.
Where is this turn key restaurant located?
The property is located at 795 Youngstown Warren Rd Niles, OH.
What is the asking price?
The asking price for this property is $1,478,816.
What are key features of this property?
This property features: - 20-Year Absolute Triple-Net (NNN) Lease commenced 2/22/2022.; - Franchisee Guarantee from SFR XI Holdings, LLC (120+ Units).; - Six (6), Five (5)-Year Tenant Renewal Options (Potential 50-Year Lease Term).
More about this property
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