2665 Manchester Rd, Akron, OH 44314
- Drive through restaurants
- 2,879 SF
- 0.79 lot acres
Current Use by Public Records
- Pizza Hut / Take-out & Catering
Property Details for 2665 Manchester Rd
- Year built
- 1977
- Lot size
- 0.79 lot acres
- Property type
- Drive through restaurants
- APN
- 68-52945
- APU
- 6852945
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 13, 2026 | $1,200,000 | Vasuki Equities Oh LLC | Cot Pizza Re LLC | Special Warranty Deed | $850k · Park National Bank |
| Mar 2, 2022 | $1,079,500 | Cot Pizza Re LLC | Ror LLC | Limited Warranty Deed | — |
| Feb 29, 2012 | $337,500 | Ror LLC | A R Lockhart Dev Co | Warranty Deed | — |
| — | — | Ror LLC | — | Deed Of Trust · related | $480k · Emprise Bank |
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
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,145,000
- ML approach
- $1,030,000
Get a detailed, property-specific estimation — 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
