Restaurant
Pizza Hut
133 E 5th St, Delphos, OH 45833
Listing Price: $1,508,227
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
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Listing Price: $1,508,227
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
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
