Pizza Hut Triple-Net
For Sale
Contact for pricing
588 W Marion St, Mount Gilead, OH 43338
Single-tenant Pizza Hut is leased on an absolute 20-year NNN term with scheduled annual rent increases.
Property Size2,521 SF
Lot Size2.67 Acres
Days on Market132
Property Features for 588 W Marion St
General Information
Standard status
Active
Size
2,521 SF
Lot size
2.67 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 1:32PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present the exclusive listing for a Pizza Hut located at 588 W Marion St in Mount Gilead, Ohio. The property will include approximately 2,521 rentable square feet of building space on an estimated 2.67-acre parcel.
The Pizza Hut is subject to an absolute triple-net (NNN) lease with a 20-year initial term that commenced on 2/22/2022. Initial annual rent is $69,878, with scheduled increases of 1.75% annually starting in year seven of the base term and continuing through six (6), five-year renewal periods.
This offering is structured as a single-tenant, long-term NNN investment through the lease term and renewal periods.
The Pizza Hut is subject to an absolute triple-net (NNN) lease with a 20-year initial term that commenced on 2/22/2022. Initial annual rent is $69,878, with scheduled increases of 1.75% annually starting in year seven of the base term and continuing through six (6), five-year renewal periods.
This offering is structured as a single-tenant, long-term NNN investment through the lease term and renewal periods.
Key Highlights
- Single‑tenant Pizza Hut at 588 West Marion Rd, Mt. Gilead, OH 43338
- About 2,521 rentable SF building on an estimated 2.67‑acre parcel
- Absolute 20‑year triple‑net (NNN) lease commenced 2/22/2022
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43338, OH
10,423
Population
4,510
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
92%
High-School Grad
95.1 sq mi
ZIP Area
110
Density / Sq Mi
$69,794
Median Household Income
$41,084
Median Earnings
$821
Median Rent
$212,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant Pizza Hut is leased on an absolute 20-year NNN term with scheduled annual rent increases.
Where is this conventional restaurant located?
The property is located at 588 W Marion St Mount Gilead, OH.
What are key features of this property?
This property features: Single‑tenant Pizza Hut at 588 West Marion Rd, Mt. Gilead, OH 43338; About 2,521 rentable SF building on an estimated 2.67‑acre parcel; Absolute 20‑year triple‑net (NNN) lease commenced 2/22/2022
