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3490 Colorado Ave
Lorain, OH 44052

$1,551,438 USD

Restaurant For Sale  •  1,155 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 1,155 SF
  • Lot Size 1.21 AC
  • Building Class B
  • Year Built 2010
  • Cap Rate 6.00 %
  • Tenancy Single
0 Transit Score
26 Walk Score

Highlights

Globally Recognized Restaurant Brand
Top Pizza Hut Franchise Operator (120+ Units)
±17.5 Years of Term Remaining with Renewal Options
Absolute NNN Lease and 2022 Renovation
14+ Year Operating History with New 20-Year Lease
Drive-Thru Location with Impressive YoY Sales Growth
Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Pizza Hut

Public Transportation

Commuter RailDriveWalkDistance
Elyria Amtrak (Capitol Limited - Amtrak, Lake Shore Limited - Amtrak) 17 min - 9.7 mi
AirportDriveWalkDistance
Cleveland-Hopkins International 33 min - 19.2 mi
Mark Grossman 918-794-9536 Northmarq
Mark Grossman 918-794-9536 Northmarq