Pizza Hut | Absolute Triple Net (NNN) Lease

$1,840,000

7779 Garvey Avenue, Rosemead, CA 91770

For Sale

Retail Restaurant

Pending

Last Updated: 07/19/2021

Details:

Cap Rate: 4.5%

NOI: $82,800

Building Size: 1,200 sqft

Lot Area: 0.14 acres

Lease Type: Absolute Net

Year Built: 1969

Price Per Sqft: $1,533.33

Roof & Structure: Tenant’s Responsibility

HVAC: Tenant’s Responsibility

Repairs & Maintenance: Tenant’s Responsibility

Offered by

Daniel Hoogesteger

Managing Director

Sands Investment Group

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Adam Scherr

Agent

Sands Investment Group

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Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the Pizza Hut Located at 7779 Garvey Ave in the City of Rosemead, CA. The Franchisee is Southern California Pizza Co., LLC, Which is the Largest Pizza Hut Franchisee in California & the 3r d 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 10 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.