Log In/Sign Up
Your email has been sent.
Pizza Hut 5041 N Abbe Rd 2,890 SF Retail Building Elyria, OH 44035 $2,063,716 CAD ($714.09 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Strong Franchisee Guarantee
- Strong Access and Visibility
- Long-Term Operating History
- Priced Below Development Costs
Executive Summary
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 5041 Abbe Road North, Elyria, OH 44035. The site consists of roughly 2,890 rentable square feet of building space on an estimated 0.99-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) Lease, which commenced on 2/22/2022 and has approximately 16 years remaining. The current annual rent is $101,040 and has scheduled increases of 1.75% annually starting 3/1/28.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,890 SF
Building Class
C
Year Built
1991
Price
$2,063,716 CAD
Price Per SF
$714.09 CAD
Cap Rate
6.75%
NOI
$139,301 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.99 AC
Frontage
47’ on Abbe Rd
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-00-001-000-189 | Improvements Assessment | $491,307 CAD |
| Land Assessment | $194,803 CAD | Total Assessment | $686,108 CAD |
Property Taxes
Parcel Number
03-00-001-000-189
Land Assessment
$194,803 CAD
Improvements Assessment
$491,307 CAD
Total Assessment
$686,108 CAD
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Pizza Hut | 5041 N Abbe Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.