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1165 Mentor Ave
Painesville, OH 44077

$1,023,160 USD

Fast Food For Sale  •  1,302 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 1,302 SF
  • Lot Size 0.43 AC
  • Building Class B
  • Year Built 2008
  • Cap Rate 7.50 %
  • Tenancy Single
  • Zoning R-1
27 Transit Score
61 Walk Score

Highlights

Long-term passive income opportunity with approximately 16+ years remaining on the base lease term, along with 6 optional 5-year extensions
Absolute Triple Net (NNN) Lease with 1.75% annual rent increases (starting March 1, 2028) provides an investor with 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
Ideal 1031 exchange opportunity featuring a low price point
Strategically positioned at a signalized hard-corner intersection with 38,000+ VPD and shadow-anchored by a Giant Eagle Market
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Pizza Hut 1,302 SF 2/28/2042

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes
Jonathan Silver 818-416-2800 Sands Investment Group Santa Monica, LLC
Jonathan Silver 818-416-2800 Sands Investment Group Santa Monica, LLC