Pizza Hut | Absolute Triple Net (NNN) Lease

9706 Magnolia Avenue, Riverside, CA

   SOLD!   

$1,440,000

Price

5%

Cap Rate

$72,000

NOI

Gallery
Street
Map
Overview
Cap Rate
5%
NOI
$72,000
Building Size
1,440 sqft
Lot Area
0.22 acres
Lease Type
Absolute Net
Year Built
1970
Price Per Sqft
$1,000
Roof & Structure
Tenant’s Responsibility
HVAC
Tenant’s Responsibility
Repairs & Maintenance
Tenant’s Responsibility
Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the Pizza Hut Located at 9706 Magnolia Avenue Riverside, 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 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.

Highlights
  • Long Term Lease – New 10 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 Outlook
  • 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
  • DENSE SOUTHERN CALIFORNIA TRADE AREA
  • Affluent Trade Area With an Average Household Income of Over $75,569 Within a 3-Mile Radius
  • Densely Populated Area With Over 271,560 People Within 5-Miles
  • Nearby Retailers Include: Lowe’s, Target, ALDI, Big Lots, Ross, Family Dollar, Kohl’s, Dollar Tree, Macy’s, Old Navy and More
  • Located Directly Down the Street of the Galleria at Tyler Shopping Mall Which is a Vibrant Retail Entertainment and Dining Destination Attractive to Both Local Residents and Tourists
Documents
Location
Gallery