Description

The Northmarq National Restaurant Group presents a single-tenant Pizza Hut property located at 1951 W Prospect Road in Ashtabula, Ohio. The asset is secured by a franchise-guaranteed absolute NNN lease with 16.5 years remaining and six five-year renewal options, extending potential occupancy through 2073. The lease includes 1.75% annual rent increases beginning in 2028, offering passive ownership, inflation-protected income, and long-term stability backed by SFR X Holdings, LLC, a proven operator with more than 120 units nationwide and the 11th largest franchisee in the United States. The property is located along West Prospect Road within a strong retail corridor anchored by national tenants such as Circle K, Dollar General, Giant Eagle, and Big Lots. The site sits on an oversized 2.67-acre parcel—more than double the average quick-service restaurant site in Ohio—providing ample parking, operational flexibility, and future redevelopment potential. The location also benefits from nearby demand drivers, including the $22 million Harbor District revitalization project, local attractions that draw over 650,000 visitors annually, and institutional anchors such as Kent State University at Ashtabula and Ashtabula County Medical Center. With its absolute NNN lease structure, strong franchisee guaranty, large parcel size, and proximity to major employers, schools, and redevelopment projects, the property offers investors a stable, long-term income stream with strong residual value in a growing regional market.