2300 Cooper Foster Park Rd Lorain, OH

Offered for sale is the fee simple interest in an absolute net lease with SFR X Holdings, LLC, one of the largest Pizza Hut franchisees in North America. The company purchased over 120 Pizza Hut Restaurants in the Midwest in 2022 and demonstrated their commitment to the brand by executing a new 20-year, absolute triple net lease for the location. The lease has 17 years of guaranteed base term remaining and features annual increases of 1.75% beginning March 1, 2028. The lease also includes six option terms of 5 years each, bringing the total potential remaining lease term to 47 years. The building is situated on 1 acre of retail land adjacent to Chase Bank and Sherwin Williams in a growing retail marketplace. Meijer Grocery recently constructed a 180,000 square foot store on the opposite corner, followed by Chick-fil-A, Panda Express, Five Guys, and Freddy’s Steakburgers. The property is located at a focal point with the State Route 2 interchange one block south, Meijer across the street, and Walmart, Home Depot, and Kohl’s one block north. This retail area has become a dominant shopping node in Cleveland’s western suburbs, contributing to the continued success of this Pizza Hut location.