Listing Agency: SURMOUNT g***@nnnpro.com Show Phone

Listed By: Glen Kunofsky · License #NY 49KU1129178

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 1:56PM

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Investment Insights

Based on property information with market context.

This Pizza Hut property includes approximately 1,382 rentable square feet on an estimated 0.93-acre parcel. The asset is subject to a 20-year absolute NNN lease that began on 2/22/2022, with six additional five-year renewal periods identified in the lease structure.

The property is located at 24 Munroe Falls Ave in Munroe Falls, Ohio. Scheduled rent increases of 1.75% annually begin in year seven of the base term and continue through the renewal periods.

Key Highlights

• Pizza Hut located at 24 Munroe Falls Ave, Munroe Falls, OH 44262
• Approximately 1,382 rentable square feet on an estimated 0.93‑acre parcel
• 20‑year absolute triple‑net (NNN) lease commenced on 2/22/2022

Property Analytics

Property Profile

Current Use

Pizza Hut Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Law Firm Hair Salon

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

230

Businesses Nearby

26k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 64% Shops & Services 36%

McDonald's Dining

15,118 visits/mo 0.2 miles

Circle K Shops & Services

9,404 visits/mo 0.3 miles

SUBWAY Dining

1,289 visits/mo 0.2 miles

Demographics for 44262, OH

5,020

Population

2,290

Households

2.2

Avg Household Size

47

Median Age

38%

College-Educated

95%

High-School Grad

2.7 sq mi

ZIP Area

1,859

Density / Sq Mi

$75,089

Median Household Income

$44,016

Median Earnings

$223,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Absolute triple-net lease commenced in 2022 with scheduled annual escalations.

Where is this nnn property located?

The property is located at 24 Munroe Falls Ave Munroe Falls, OH.

What are key features of this property?

This property features: Pizza Hut located at 24 Munroe Falls Ave, Munroe Falls, OH 44262; Approximately 1,382 rentable square feet on an estimated 0.93‑acre parcel; 20‑year absolute triple‑net (NNN) lease commenced on 2/22/2022