1501 Fairmont Ave, Fairmont, WV 26554-2135

This exceptional investment opportunity presents a fee-simple ownership of a thriving Pizza Hut restaurant located at 1501 Fairmont Ave, Fairmont, WV 26554. The property boasts a 2,744 square foot building situated on a 1.7-acre lot, constructed in 2000 and renovated in 2009. Currently operating under a 20-year absolute NNN lease commencing February 22, 2022, and expiring February 28, 2042, this lease offers a substantial 17.3 years of remaining term. The lease includes six, 5-year renewal options and features annual rent bumps of 1.75% starting in year seven. The property enjoys a 100% occupancy rate since February 1, 2009, generating a strong net operating income (NOI) of $62,000, representing a 6.00% cap rate and a price per square foot of $376.58. The asking price is $1,033,333. This high-performing Pizza Hut location benefits from its proximity to Fairmont State University and the WVU Medical Center, contributing to its consistent success and strong operational history. The tenant is a top Pizza Hut franchise operator with over 120 units, ensuring a stable and reliable investment. This is a rare opportunity to acquire a well-established, nationally recognized brand in a prime location with significant long-term growth potential.