1951 W Prospect Rd Ashtabula, OH 44004

This property presents a long-term passive income opportunity with approximately 18 years remaining on the base lease term, along with six optional five-year extensions. The absolute NNN lease, featuring annual rent increases starting March 1, 2028, provides strong rental growth with zero landlord responsibilities. The tenant, a leading Pizza Hut franchisee with over 120 locations operated by SFR XI Holdings, LLC, and guaranteed by SFR XI Holdings, LLC, is the 11th largest Pizza Hut franchisee in North America. This globally recognized Pizza Hut restaurant brand, part of the Yum! Brands family, operates close to 20,000 locations globally. In 2023, Pizza Hut’s system-wide sales reached $13.3 billion, while Yum! Brands reported system-wide sales totaling approximately $63.8 billion for the same year. The property, with a size of 3199 square feet, is located at the first signalized intersection off Highway 480, across from a Giant Eagle grocery shopping center. This is a pandemic, recession, and internet-resistant tenant, providing a secure and passive investment opportunity. It is also an ideal 1031 exchange opportunity featuring a low price point.