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Pizza Hut NNN Property

5041 Abbe Road North, Elyria, OH 44035

For Sale
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The restaurant is leased under a Triple Net agreement with scheduled annual rent increases.

Property Size2,890 SF
Lot Size0.99 Acres
Price / SF$517.95
Days on Market53

Property Features for 5041 Abbe Road North

General Information

Standard status Active
Size 2,890 SF
Lot size 0.99 Acres
Property subtype Retail
Listing Agency: SURMOUNT
Listed By: Kyle Karsian · License NY #10401321452
Source: Crexi
Added: Sep 23 Changed: Nov 4 Last Checked: Nov 12 at 6:12AM

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

Rey
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Investment Insights

Based on property information with market context.

The Pizza Hut restaurant contains approximately 2,890 rentable square feet on an estimated 0.99-acre parcel. Its Triple Net lease began 2/22/2022 and has a 20.03-year term, with annual increases of 1.75% beginning in Year 7.

Key Highlights

  • Approximately 2,890 rentable square feet on an estimated 0.99‑acre parcel
  • 20.03‑year Triple Net lease commenced 2/22/2022
  • Annual rent increases of 1.75% start in Year 7

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Pizza Hut Take-out & Catering

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Parking Lot & Garage Pharmacy Auto Parts Store

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

687
Businesses Nearby
560k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 30% Shops & Services 27% Superstores 16% Groceries 16%
Sam's Club Superstores
89,943 visits/mo 0.4 miles
Giant Eagle Supermarket Groceries
43,933 visits/mo 0.2 miles
Sam's Club Gas Station Shops & Services
41,887 visits/mo 0.5 miles
Sheetz Shops & Services
34,384 visits/mo 0.1 miles
Burlington Apparel
28,202 visits/mo 0.5 miles

Demographics for 44035, OH

61,921
Population
29,637
Households
2.1
Avg Household Size
42
Median Age
17%
College-Educated
88%
High-School Grad
47.6 sq mi
ZIP Area
1,301
Density / Sq Mi
$54,362
Median Household Income
$38,493
Median Earnings
$871
Median Rent
$147,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
NNN property - The restaurant is leased under a Triple Net agreement with scheduled annual rent increases.
Where is this nnn property located?
The property is located at 5041 Abbe Road North Elyria, OH.
What is the asking price?
The asking price for this property is $1,496,889.
What are key features of this property?
This property features: Approximately 2,890 rentable square feet on an estimated 0.99‑acre parcel; 20.03‑year Triple Net lease commenced 2/22/2022; Annual rent increases of 1.75% start in Year 7
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