16848 St Clair AveEast Liverpool, OH 43920

For Sale
$1,666,667

Ohio Pizza Hut: Strong ROI, Long Lease

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a fee-simple ownership of a Pizza Hut restaurant located at 16848 St Clair Ave, East Liverpool, OH 43920. The property, built in 1981 and extensively renovated in 2021, boasts 2,974 square feet on a 0.9-acre lot. This single-tenant, absolute NNN lease with a credit-rated franchisee offers significant long-term stability. The current lease commenced February 22, 2022, and extends for 20 years, with six 5-year renewal options, providing approximately 17.3 years of remaining lease term. Rent increases are structured with 1.75% annual bumps starting in year seven. The property enjoys a 100% occupancy rate, generating a Net Operating Income (NOI) of $100,000 and a 6.00% cap rate. This high-performing Pizza Hut consistently ranks within the top 8.6% nationally based on customer visits, demonstrating exceptional market strength and sustained popularity. The property's impressive year-over-year sales growth exceeds 16%, significantly outpacing industry averages. This is a rare opportunity to acquire a top-performing, nationally recognized brand in a prime location with minimal landlord responsibilities. The property's strong financial performance, coupled with the long-term lease and built-in rent escalations, makes it an attractive investment for discerning buyers seeking passive income and significant return on investment.

Highlights

  • Globally recognized Pizza Hut franchise.
  • Top 10% nationally performing Pizza Hut franchise, operated by a multi-unit operator (120+ units).
  • NNN lease with ±17.5 years remaining, plus renewal options.
  • 40+ year operating history; recently renewed 20-year lease.
  • High-traffic location with drive-thru; recently renovated.
  • Impressive sales growth.

Property Details for 16848 St Clair Ave

Property type
Other retail properties, Individual retail properties
Square Feet
2,974 SF
Year Built/Renovated
1981/2021
Buildings
1
Lot Size (sq. ft)
39,204 SF

Location Insight

City
East Liverpool
County
Columbiana
State
Ohio
Latitude
40.655785887937
Longitude
-80.574181395162
16848 St Clair Ave, East Liverpool, Ohio

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16848 St Clair Ave
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