2797 Waterloo Rd Akron, OH 44312-3946

This exceptional investment opportunity presents a fee-simple ownership of a Pizza Hut restaurant located at 2797 E Waterloo Rd, Akron, OH 44312, in Summit County. The property encompasses a 2,529 square foot building situated on approximately one acre of land. The property is currently operating under a 20-year absolute triple-net (NNN) lease, commencing February 21, 2022, and expiring February 27, 2042, leaving a substantial 17.3 years remaining. The current annual net operating income (NOI) is $75,058, representing a 6.00% capitalization rate based on the asking price of $1,250,968 ($494.65 per square foot). The lease includes six, five-year renewal options, potentially extending the lease term to 50 years. Annual rent increases of 1.75% are scheduled to commence in year seven and continue throughout the renewal periods. The tenant is a Pizza Hut franchisee. This offering presents a strong, long-term investment with a highly recognizable brand and significant upside potential due to the built-in rent escalations and lease renewal options. The property's location in Akron, Ohio, provides excellent visibility and accessibility. This is a 100% occupied, single-tenant property offering a secure and stable income stream.