Pizza Hut - Akron, OH

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 3,029 square foot freestanding, single-tenant Pizza Hut located at 2665 Manchester Rd, Akron, OH (“Property” or “Asset”).

The Asset is 100% leased to SFR X Holdings, LLC (“Tenant”), the 11th largest Pizza Hut franchisee, operating more than 120+ Pizza Hut restaurants across Ohio, Pennsylvania, Indiana, and West Virginia.

Pizza Hut is currently operating on a 20.0-year absolute NNN lease, with ±16 years remaining, 1.75% annual rent escalations, and six, five-year renewal options.

The Property ranks as the #4 most visited Pizza Hut location out of 17 others within a 15-mile radius. Additionally, the Property ranks in the Top 27% of most visited Pizza Hut locations in Ohio and Top 35% in the nation (Placer.ai). The retail corridor features notable national tenants such as AutoZone, Domino’s Pizza, KFC, Taco Bell, McDonald’s, Burger King, and Dunkin’ among others.

This unique opportunity allows investors the ability to acquire an infill retail asset located in a fundamentally strong Cleveland suburb with zero landlord responsibilities.