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Pizza Hut 556 Main St 2,226 SF Retail Building Wellsville, OH 43968 $1,283,749 CAD ($576.71 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Franchisee Guarantee
- Access to Riverfront Community
- Long-Term Lease Structure
- Prominent Main Street Positioning
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 556 Main Street, Wellsville, OH 43968. The site consists of roughly 2,266 rentable square feet of building space on an estimated 0.28-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease, which commenced 2/22/2022. The current annual rent is $65,000 and has scheduled increases of 1.75% annually starting year 7.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,226 SF
Building Class
C
Year Built
1979
Price
$1,283,749 CAD
Price Per SF
$576.71 CAD
Cap Rate
7%
NOI
$89,863 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
Retail
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $63,731 CAD | |
| Land Assessment | $8,409 CAD | Total Assessment | $72,139 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$8,409 CAD
Improvements Assessment
$63,731 CAD
Total Assessment
$72,139 CAD
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Pizza Hut | 556 Main St
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