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Restaurant

Pizza Hut

133 E 5th St, Delphos, OH 45833

Listing Price: $1,508,227

Cap Rate
5.15%
Tenant Name
SFR X Holdings, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
3,106
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.01

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Pizza Hut located at 133 East 5th St  , Delphos, OH 45833. The site will consist of roughly 3,106 rentable square feet of building space on estimated 0.59-acre parcel of land. The Pizza Hut is subject to a 20-year absolute triple-net (NNN) lease that commenced on 2/22/2022. The initial annual rent will be $77,674 and is scheduled to increase by one-and-three-quarters percent (1.75%) annually starting year seven (7) of the base term and continuing through six (6), five (5)-year renewal periods.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
  • 1.75% Rental Increases Annually Starting Year Seven (7)
  • Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Restaurant

Pizza Hut

Listing Price: $1,508,227

Cap Rate
5.15%
Tenant Name
SFR X Holdings, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
3,106
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.01

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
  • 1.75% Rental Increases Annually Starting Year Seven (7)
  • Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Pizza Hut located at 133 East 5th St  , Delphos, OH 45833. The site will consist of roughly 3,106 rentable square feet of building space on estimated 0.59-acre parcel of land. The Pizza Hut is subject to a 20-year absolute triple-net (NNN) lease that commenced on 2/22/2022. The initial annual rent will be $77,674 and is scheduled to increase by one-and-three-quarters percent (1.75%) annually starting year seven (7) of the base term and continuing through six (6), five (5)-year renewal periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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