Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Pizza Hut located at 544 Water St, Chardon, OH 44024. The site will consist of roughly 2,827 rentable square feet of building space on estimated 1.55-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 $55,577 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.