795 Youngstown Warren Rd Niles, OH 44446-3548
- Drive through restaurants
- 3,330 SF
- 1.44 lot acres
Apr 07, 2022
Current Use by Public Records
- Pizza Hut / Chicken Wings Restaurant / Pizza Restaurant
- Wing Street / Restaurant
Property Details for 795 Youngstown Warren Rd
- Year built
- 2004
- Lot size
- 1.44 lot acres
- Property size
- 3,330 SF
- Property type
- Drive through restaurants
- APN
- 25-900650
- APU
- 25900650
Description
This exceptional investment opportunity presents a 2,940-square-foot Pizza Hut located at 795 Youngstown Warren Rd, Niles, OH 44446, on a 1.44-acre lot. The property is subject to a 20-year absolute triple-net (NNN) lease, commencing February 22, 2022, and expiring February 27, 2042, with a remaining term of 17.3 years. The current annual net operating income (NOI) is $88,401, representing a 6.00% cap rate and a price per square foot of $501.14. The lease includes annual rent increases of 1.75% starting March 1, 2028, and six five-year tenant renewal options, potentially extending the lease term to 50 years. The franchisee, SFR XI Holdings, LLC, operates approximately 120+ units, providing a strong guarantee. This offering presents a secure, long-term investment with significant upside potential due to the established brand, favorable lease terms, and consistent rental income growth. The property is currently 100% occupied. The asking price for this exceptional investment is $1,473,342.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $840,000
- ML approach
- $840,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $638,000
Market price range: $127k - $639k
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Location Insight
- Map
- Local Demand
- City
- Niles
- County
- Trumbull
- State
- Ohio
- Longitude
- -80.7277
- Latitude
- 41.197
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA