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1951 W Prospect Rd
Ashtabula, OH 44004

$1,666,666 USD

Restaurant For Sale  •  3,199 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 3,199 SF
  • Lot Size 2.71 AC
  • Building Class C
  • Year Built 1985
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
39 Walk Score

Highlights

Long-Term Passive Income Opportunity With Approximately 18 Years Remaining on the Base Lease Term, Along With Six (6) Optional Five-Year Extensions
ABS NNN Lease With Annual Rent Increases (Starting March 1, 2028)
Leading Pizza Hut Franchisee With 120+ Locations Operated By SFR XI Holdings, LLC, and Guaranteed By SFR XI Holdings, LLC, the 11th Largest Pizza Hut
Pandemic, Recession and Internet Resistant Tenant, Providing a Secure and Passive Investment Opportunity
Ideal 1031 Exchange Opportunity Featuring a Low Price Point
First Signalized Intersection Off Highway 480, Across From a Giant Eagle Grocery Shopping Center
Cap Rate: 6.00 %
Daniel Hoogesteger 310-853-1419 Sands Investment Group Santa Monica, LLC
Daniel Hoogesteger 310-853-1419 Sands Investment Group Santa Monica, LLC