Pizza Hut | Santa Monica, CA
Sands Investment Group is Pleased to Exclusively Offer For Sale the Pizza Hut Absolute NNN Lease Restaurant Located at 2029 Pico Boulevard in Santa Monica, 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 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.
BEST OF CLASS INVESTMENT
- 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 – Provides Strong Compounding Hedge Against Inflation
- Southern California Pizza Co., LLC is the Largest Pizza Hut Franchisee in California & the Third Largest in the Pizza Hut System, Operating 224 Pizza Hut Restaurants in the Greater Los Angeles Market
- The Tenant Recently Extended the Initial Term of the Lease Demonstrating 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
CORE INFILL SANTA MONICA LOCATION
- Generational Opportunity to Purchase Santa Monica Real Estate Under $1.5 Million
- Located on the Intersection of Pico Boulevard & 21st Street Featuring Over 36,393 Vehicles Per Day
- Affluent Trade Area With an Average Household Income of Over $131,111 Within a 5-Miles Radius
- Densely Populated Area With Over 532,652 People Within 5-Miles
- Located Across the Street From Santa Monica College With a Student Population of Over 30,000 and Adjacent to the Santa Monica Farmers Market Providing For a Built-In Customer Base
- Just 21 Blocks From the World-Famous Santa Monica Beach, Boardwalk and Pier
- Nearby Retailers Include: Burger King, Jiffy Lube, Rite Aid, Whole Foods Market, Baskin Robbins, Starbucks, McDonald’s and More
In Cooperation With: Sands Investment Group, Inc Lic. # 01768950
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