Pizza Hut | Absolute Triple Net (NNN) Lease

Highlights:

• Long Term Lease - New 15 Year Lease Extension
• Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
• Ideal 1031 Exchange Opportunity
• Rare Annual 1.5% Increases Which Provides Strong Compounding Hedge Against Inflation
• Southern California Pizza Co. , LLC is the Largest Pizza Hut Franchisee in California and the 3rd Largest in the Pizza Hut System; They Operate 224 Pizza Hut Restaurants in the Greater Los Angeles Market
• The Tenant Recently Extended the Initial Term of the Lease Demonstrating Its Strong Confidence in This Location For the Long-Term Investment Out look
• Tenant Has Resided at This Location Since 2010 Proving Its Long-Term Operating History
• PANDEMIC, RECESSION & INTERNET RESISTANT TENANT
• Tenant Has Remained Open and is Paying Rent Throughout the COVID-19 Pandemic
• Takeout Only Concept Unaffected By Government Shutdown of Indoor Dining
• Early Lease Extension During Pandemic Demonstrates Strength of Concept and Operator
• CORE INFILL URBAN LOS ANGELES LOCATION
• Located on the Signalized Intersect ion of Orange Avenue and Market Street Featuring Over 16,000 Vehicles Per Day
• Affluent Trade Area With an Average Household Income of Over $82,000 Within a 5-Miles Radius
• Densely Populated Area With Over 682,000 People Within 5-Miles
• Located Directly Across the Street to Lindbergh Middle School Providing For Built-In Customer Base
• Long Beach is Located 17-Miles From Downtown Anaheim, 19-Miles From Santa Ana and 20-Miles From Downtown Los Angeles

Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the Pizza Hut Located at 1171 E Market Street in Long Beach, CA. The Franchisee is Southern California Pizza Co., LLC, Which is the Largest Pizza Hut Franchisee in California & the 3rd Largest in the Pizza Hut System. They Operate 224 Pizza Hut Restaurants in the Greater Los Angeles Market. This Property Has a Recently Extended New 15 Year Lease Demonstrating the Tenant’s Confidence in the Location. With Rare Annual 1.5% Increases and an Absolute Triple Net (NNN) Lease, This Deal Offers a Long-Term Secure Income Stream, Compounding Hedge Against Inflation With a Pandemic, Recession and an Internet Resistant Tenant.

Documents: