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Pizza Hut 2797 E Waterloo Rd

2,529 SF Retail Building Akron, OH 44312 $1,250,968 ($495/SF) 6% Cap Rate

Retail Space Ohio Akron 2797 E Waterloo Rd, Akron, OH 44312

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
  • Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
  • 1.75% Rental Increases Annually Starting Year Seven (7)

Executive Summary

The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 2797 East Waterloo Rd, Akron, OH 44312. The site will consist of roughly 2,529 rentable square feet of building space on estimated 1.00-acre parcel of land. The Pizza Hut is subject to a 20-year absolute triple-net (NNN) lease that commenced on 2/22/2022. The initial annual rent will be $75,058 and is scheduled to increase by one-and-three-quarters percent (1.75%) annually starting year seven (7) of the base term and continuing through six (6), five (5)-year renewal periods.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,529 SF
Building Class
C
Year Built
1975
Price
$1,250,968
Price Per SF
$495
Cap Rate
6%
NOI
$75,058
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
1.14 AC
Zoning
C-1
Parking
50 Spaces (19.77 Spaces per 1,000 SF Leased)
Frontage
62 FT on Waterloo Rd

Amenities

  • Signage
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2797 E Waterloo Rd, Akron, OH - aerial map view

PROPERTY TAXES

Parcel Number 51-09364 Improvements Assessment $144,515
Land Assessment $21,735 Total Assessment $166,250

PROPERTY TAXES

Parcel Number
51-09364
Land Assessment
$21,735
Improvements Assessment
$144,515
Total Assessment
$166,250
(332) 345-4222

  • Listing ID: 30018119

  • Date on Market: 11/9/2023

  • Last Updated:

  • Address: 2797 E Waterloo Rd, Akron, OH 44312

More public record information on 2797 E Waterloo Rd, Akron, OH 44312

The Retail Property at 2797 E Waterloo Rd, Akron, OH 44312 is currently available For Sale. Contact NNN Pro Group for more information.

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2797 E Waterloo Rd, Akron, OH for sale Building Photo- Image 1 of 3
pic 1 2797 east
2797 E Waterloo Rd, Akron, OH for sale Aerial- Image 2 of 3
pic 2 2797

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The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Pizza Hut | 2797 E Waterloo Rd
(332) 345-4222 x

Pizza Hut | 2797 E Waterloo Rd

1/3

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Howie Curd

(332) 345-4339

(332) 345-4339

Joseph Kelly

(332) 345-4315

(332) 345-4315

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