Property profile

556 Main St Wellsville, OH 43968

OFF-MARKET
Retail space
Property ID
US66-2491450
2,400 SF 0.28 ac lot Built 1979
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity features a 2,266 square foot Pizza Hut located at 556 Main St, Wellsville, OH 43968. The property sits on a 0.28-acre lot and is subject to a 20-year absolute triple-net (NNN) lease, commencing February 22, 2022, and expiring February 28, 2042, with a remaining term of 17.3 years. The current annual rent is $65,000, representing a 6.00% capitalization rate. The lease includes six, five-year renewal options, extending the potential lease term to 50 years. Annual rent increases of 1.75% are scheduled to begin in year seven and continue through the renewal periods. The property boasts 100% occupancy and offers a strong, long-term investment with a guaranteed franchisee, SFR XI Holdings, LLC, operating approximately 120+ units. This is a rare opportunity to acquire a well-established, passively managed, income-producing asset in a stable market. The property is currently operating at full occupancy, providing immediate cash flow and significant long-term growth potential. This is an ideal addition to any diversified real estate portfolio.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1979
Total area 2,400 SF
Lot 0.28 ac (12,001 SF)
APN 84-02775-000
UPID US66-2491450

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering

Location

556 Main St Wellsville, OH 43968-1654
Wellsville metro Census 951800 SALEM, OH MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$845k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$850k

Owner & transaction history

since 2022
Last sale
$961,434
2 recorded transactions
2022
$961,500
2021
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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