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Pizza Hut NNN Investment Opportunity

1951 W Prospect Rd, Ashtabula, OH

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For Sale

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Long-term Pizza Hut NNN lease with rental increases.

Type:RETAIL

Property size:

3,199 SF

Lot size:

2.90 Acres

Price / SF:

$500/SF

HighLights

Long‑term passive income opportunity with approximately 18 years remaining on the base lease term and six (6) optional five‑year extensions.
Absolute NNN lease with annual rent increases (starting March 1, 2028) provides strong rental growth with zero landlord responsibilities.
Guaranteed by SFR XI Holdings, LLC, the 11th largest Pizza Hut franchisee in North America with 120+ locations.
Globally recognized Pizza Hut brand, part of Yum! Brands, with $13.3 Billion in system‑wide sales in 2023.
Pandemic, recession, and internet‑resistant tenant, providing a secure and passive investment.
Ideal 1031 exchange opportunity featuring a low price point.

We can help!

Listing Contact

Daniel Hoogesteger

Learn more

For Sale

Contact for pricing

Long-term Pizza Hut NNN lease with rental increases.

Type:RETAIL

Property size:

3,199 SF

Lot size:

2.90 Acres

Price / SF:

$500/SF

Added:: Jul 31, 2024
Days on Market:: 684
Last Refresh:: May 20 at 8:35 pm

Property Features for 1951 W Prospect Rd

General Information

Standard status: Active
Size: 3,199 SF
Lot size: 2.90 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Daniel Hoogesteger

Listing agent Daniel Hoogesteger License #TX 644481

Listing office Sands Investment Group (SIG) | Fort Lauderdale

Listing date Jul 31, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) | Fort Lauderdale

HighLights

Long‑term passive income opportunity with approximately 18 years remaining on the base lease term and six (6) optional five‑year extensions.
Absolute NNN lease with annual rent increases (starting March 1, 2028) provides strong rental growth with zero landlord responsibilities.
Guaranteed by SFR XI Holdings, LLC, the 11th largest Pizza Hut franchisee in North America with 120+ locations.
Globally recognized Pizza Hut brand, part of Yum! Brands, with $13.3 Billion in system‑wide sales in 2023.
Pandemic, recession, and internet‑resistant tenant, providing a secure and passive investment.
Ideal 1031 exchange opportunity featuring a low price point.

Overview

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.

Location Intelligence

Current Use by Public Records

Pizza Hut Take-out & Catering

Suggested Use

Location Insight

Map
Local Demand

City: Ashtabula
County: Ashtabula
State: Ohio
Longitude: -80.81
Latitude: 41.8578

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What type of property is this?

Drive through restaurant - Long-term Pizza Hut NNN lease with rental increases.

Where is this drive through restaurant located?

The property is located at 1951 W Prospect Rd Ashtabula, OH.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Long‑term passive income opportunity with approximately 18 years remaining on the base lease term and six (6) optional five‑year extensions.; Absolute NNN lease with annual rent increases (starting March 1, 2028) provides strong rental growth with zero landlord responsibilities.; Guaranteed by SFR XI Holdings, LLC, the 11th largest Pizza Hut franchisee in North America with 120+ locations.

1951 W Prospect Rd, Ashtabula, OH

Long-term Pizza Hut NNN lease with rental increases.

Property Features for 1951 W Prospect Rd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Remodeled Restaurant with Liquor License

Ashtabula Duplex with Separate Utilities

Ashtabula Duplex: Investor Opportunity

Auto Service Garage Retail Building

Ashtabula Triplex: Investment Opportunity

Ashtabula Commercial Building with Loading

Downtown Ashtabula Commercial Space

Commercial Property on North Ridge

43,746 SF Multi-Use Building

Anchored Retail Plaza For Sale

Duplex with Covered Porches

Commercial Building on Main Avenue

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