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    Pizza Hut - Long Beach, United States - Sands Investment Group

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    Description

    Tenant: **Pizza Hut | Long Beach, CA**

    Premises: **1,184 SF**

    Renewal Options: **3 x 5 Years** Lease Expiration: **02/29/2036**

    Lease Type: **Absolute NNN**

    Rental Increases: **1.5% Annually**

    Sands Investment Group is Pleased to Exclusively Offer For Sale the Pizza Hut Absolute NNN Lease Investment Opportunity Located at 1171 E Market Street in Long Beach, 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

    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

    **CORE INFILL URBAN LOS ANGELES LOCATION**

    Located on the Signalized Intersection 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

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

    **Pizza Hut | Long Beach, CA**

    1171 E Market Street - Long Beach, CA 90805

    $1,706,667

    Cap Rate: **4.50%**

    Status: **Available**


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