Pizza Hut - Lancaster, United States - Sands Investment Group

Description

Tenant: **Pizza Hut | Lancaster, CA**

Premises: **2,130 SF**

Renewal Options: **3 x 5 Years** Lease Expiration: **2/29/2036**

Lease Type: **Absolute NNN**

Rental Increases: **1.5% Annually**

Sands Investment Group is Pleased to Exclusively Offer the Pizza Hut For Sale Located at th Street in Lancaster, California. 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 Tenants 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.

**BEST OF CLASS INVESTMENT**

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

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 2009 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

**SOUTHER CALIFORNIA LOS ANGELES COUNTY LOCATION**

Located on the Intersection of 10th Street and Kildare Street Featuring Over 25,700 Vehicles Per Day

Average Household Income of Over $66,700

Over 146,700 People Within 5-Miles

Centrally Located to Antelope Valley Hospital, Monte Vista Elementary School and Desert Christian Schools, Providing For a Built-In Customer Base

Nearby Retailers Include: Starbucks, Chase Bank, Arco, Wells Fargo, McDonalds, AutoZone, Burger King and More

Read Additional From SIG, Specializing in Absolute Triple Net Lease Opportunities

**Pizza Hut | Lancaster, CA**

th Street West - Lancaster, CA 93534

$1,591,579

Cap Rate: **4.75%**

Status: **Available**