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Property profile & analytics

2665 Manchester Rd Akron, OH 44319-1062

  • Drive through restaurants
  • 2,879 SF
  • 0.79 lot acres
OFF-MARKET
Last Sale
Mar 02, 2022
$1,079,412
Value Estimations
$1,145,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US66-2355715
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Pizza Hut / Pizza Delivery / Chicken Wings Restaurant

Property Details for 2665 Manchester Rd

Year built
1977
Lot size
0.79 lot acres
Property size
2,879 SF
Property type
Drive through restaurants
APN
68-52945
APU
6852945

Description

This exceptional investment opportunity presents a 3,029 square foot Pizza Hut located at 2665 Manchester Rd, Akron, OH 44319, situated on a 0.8-acre lot. The property is subject to a 20-year absolute triple-net (NNN) lease, commencing February 22, 2022, and expiring February 27, 2042, leaving 17.3 years remaining. The current annual net operating income (NOI) is $88,826, representing a 6.00% cap rate and a price per square foot of $488.75. The lease includes six, five-year tenant renewal options, extending the potential lease term to 50 years. Annual rent increases of 1.75% are scheduled to begin in year seven. The franchisee, SFR XI Holdings, LLC, operates approximately 120+ units, providing a strong guarantee. This is a 100% occupied, single-tenant property offering a secure, long-term investment with significant upside potential. The property is currently operating as a successful Pizza Hut restaurant, benefiting from its established location and brand recognition. This is a rare opportunity to acquire a high-performing, passively managed investment with a proven track record. The property's strong financial performance, coupled with the long-term lease and built-in rent escalations, makes it an attractive investment for both seasoned and new investors seeking stable returns in the commercial real estate market.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,145,000
    ML approach
    $1,030,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Akron
County
Summit
State
Ohio
Longitude
-81.5474
Latitude
41.0262
CBSA code
10420
CBSA name
AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,022
$33,120
$77,370
$110,490
-
$94,630
$221,050
$315,680
More about this property
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