Listing Agency: NNN Pro Group Show Phone

Listed By: Glen Kunofsky · License #49KU1129178 Show Phone

Source: Moodyscre

Added: Aug 14, 2024 Changed: Sep 7 Last Checked: Sep 12 at 5:36AM

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Investment Insights

Based on property information with market context.

This property features a long-term, 20-year absolute triple net (NNN) lease that commenced on February 22, 2022. The lease includes 1.75% rental increases annually starting year seven. There are six, five-year tenant renewal options, bringing the potential lease term to 50 years. The lease is franchisee guaranteed from SFR XI Holdings, LLC, which has approximately 120+ units. The property is located in Wellsville, OH.

Key Highlights

• Long‑Term, 20‑Year Absolute Triple Net (NNN) Lease commenced in 2022.
• Six (6), Five (5)-Year Tenant Renewal Options, potentially extending the lease to 50 years.
• Franchisee Guarantee from SFR XI Holdings, LLC (120+ Units).

Property Analytics

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Current Use

Pizza Hut Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Plumbing Service Auto Parts Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

174

Businesses Nearby

20k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 90% Dining 10%

Dollar General Shops & Services

6,869 visits/mo 0.5 miles

7-Eleven Shops & Services

5,926 visits/mo 0.4 miles

BP Shops & Services

3,511 visits/mo 0.5 miles

Huntington Bank Shops & Services

1,886 visits/mo 0.5 miles

Pizza Hut Dining

1,379 visits/mo 0.1 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Long-term NNN lease with annual rental increases and renewal options.

Where is this storefront property located?

The property is located at 556 Main St Wellsville, OH.

What is the asking price?

The asking price for this property is $812,500.

What are key features of this property?

This property features: Long‑Term, 20‑Year Absolute Triple Net (NNN) Lease commenced in 2022.; Six (6), Five (5)-Year Tenant Renewal Options, potentially extending the lease to 50 years.; Franchisee Guarantee from SFR XI Holdings, LLC (120+ Units).