Pizza Hut - Niles, OH

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 2,940 square foot freestanding, single-tenant Pizza Hut located at 795 Youngstown Warren Rd, Niles, OH (“Property” or “Asset”). The Property has ±16 years remaining on an absolute NNN lease with zero landlord responsibilities.

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

The Property is located on the southeastern signalized intersection of Niles Vienna Rd and US Route 422 with direct visibility to over 25,000 vehicles per day (“VPD”). US Route 422 is a 270+ mile east-west highway that runs from Cleveland, Ohio to Philadelphia, Pennsylvania and serves as a vital business route for the two states. With 150’ frontage along Youngstown Warren Rd, the property boasts excellent visibility in a super regional retail trade area. Less than 2 miles from the property sits the Eastwood Mall complex, which ranks #1 in Ohio and in the top 5% in the US within the super-regional mall category (per Placer.ai). It features 100+ retailers including Macy’s Target, JCPenney, At Home, Meijer, Home Depot, Burlington, Kohl’s, HomeGoods and many more.

Niles is a suburb in the Youngstown-Warren metropolitan area located in far northeast Ohio at the junction of US Route 422 and State Route 46. Notably, the Property ranks as in the top 34% of most visited locations in the state of Ohio (per Placer.ai).

This unique opportunity allows investors the ability to acquire an infill retail asset with annual rent growth and zero landlord responsibilities backed by an experienced franchisee with a 20+ year operating history.