4034 Cleveland Massillon Rd, Norton, OH 44203

1,430 SF | 100% Leased | Retail Building | Norton, OH 44203 | $1,458,016 ($1,020/SF) | 6% Cap Rate

For Sale

Active

5 pictures

Asking Price $1,458,016

Property Type: Retail, Restaurant
Square Feet: 1,430 SF
Price / Square Foot: $1,020

Listing Contacts

Daniel Hoogesteger

Austin Eastman

Max Freedman

Property Overview

Sands Investment Group is Pleased to Exclusively Offer For Sale the Pizza Hut Located at 4034 South Cleveland Massillon Road in Norton, OH. This Property Boasts Approximately 18 Years Remaining on the Base Term of the Lease, With Six (5-Year) Option Periods, Ensuring a Long-Term and Stable Passive Income Stream. The Lease is an Absolute NNN, the Tenant is Responsible For All Property-Related Expenses and Includes Annual Rent Increases of 1.75% (Starting March 1, 2028), Providing a Steady Growth in Rental Income. Strategically Located in a High-Traffic Area With Strong Demographics. The Combination of a Well-Established Brand, a Leading Franchise Operator and Favorable Lease Terms Makes This an Attractive and Stable Investment Opportunity.

In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224

Property Details

Year Built: 2012
Stories: 1
Lot Size (sq. ft): 37,462 SF

Highlights

Long-Term Passive Income Opportunity With Approximately 18 Years Remaining on the Base Lease Term
Absolute NNN Lease With Annual Rent Increases (Starting March 1, 2028) Provides an Investor Strong Rental Growth
Leading Pizza Hut Franchisee With 120+ Locations Operated By SFR XI Holdings, LLC, and Guaranteed By SFR XI Holdings, LLC
Globally Recognized Restaurant Brand Pizza Hut, Part of the Yum! Brands Family, Operates Close to 20,000 Locations Globally
Pandemic, Recession and Internet Resistant Tenant, Providing a Secure and Passive Investment Opportunity
Ideal 1031 Exchange Opportunity Featuring a Low Price Point

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