Pizza Hut - Ashtabula, OH

Jones Lang LaSalleAmericas, Inc.(“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 3,116 square foot freestanding, single-tenant Pizza Hut located at 1951 W Prospect Rd in Ashtabula, Ohio (“Property” or “Asset”). The Property has ±15.2 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 Prospect Rd (US Route 20) with excellent frontage and direct exposure to over 13 thousand vehicles per day (“VPD”). US Route 20 serves as one of northern Ohio's primary east-west corridors, spanning the state and providing direct accessibility between the Property, downtown Ashtabula, the Cleveland metropolitan area, and numerous population centers throughout northern Ohio. The Property benefits from proximity to popular retail destinations including Saybrook Plaza, located just 3-minutes away. Saybrook Plaza generates over 1 million visitors annually and features national tenants including Giant Eagle and Rural King (Placer.ai). The surrounding 3-mile radius demonstrates strong demand for quick-service restaurants, with over 90% of residents visiting a fast-food or drive-in restaurant within the past six months and nearly 43% patronizing such establishments nine or more times per month, supporting sustained demand for convenience-oriented dining concepts.

Ashtabula is a city within the Cleveland-Akron DMA, situated along Lake Erie and located about halfway between Cleveland, OH and Erie, PA. at the junction of US Route 45 and Interstate 90. Notably, the Property ranks as in the top 20% of most visited Pizza Hut locations in the DMA and is the most visited Pizza Hut location within a 30-mile radius (Placer.ai).

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