Tenant: Pizza Hut
Premises: 1326 SF
Renewal Options: 3 x 5 Year & 1 x 4 Year
Lease Expiration: 2025
Lease Type: NNN
Rental Increases: 1.5% Annually
- Long term lease – 10+ years remaining
- Absolute NNN – Zero landlord responsibilities
- Rare, annual 1.5% rental increases
- Largest Pizza Hut franchisee in California and the third largest in the US – Operates 221 restaurants
- Located within 1 block of Long Beach City College
- Located on primary retail arterial with over 59,700 cars per day
- Dense population base – Over 733,000 People within 5 miles.
- Located across from Douglas Park – 260 acre future redevelopment site
- Below market lease rate with future upside potential from future Douglas Park development site
Pizza Hut®, a subsidiary of Yum! Brands, is the world’s largest pizza
company, specializing in the pizzas you never have to settle for – Pan
Pizza, Thin ’N Crispy®Pizza, Hand-Tossed Style Pizza and Stuffed Crust Pizza.
Pizza Hut began 55 years ago in Wichita, Kansas, and today is an iconic
global brand that delivers more pizza, pasta and wings than any other
restaurant in the world. A true innovator in the pizza category, they were
not only the first to provide America with Pan Pizza, but also the first ever
online purchase.
Headquartered in Orange, CA, Southern California Pizza Company, LLC (“SCPC”) is the largest Pizza Hut franchisee in California and
the third largest Pizza Hut franchisee in the United States. SCPC operates 221 Pizza Hut quick service restaurants (“QSRs”) in greater Los
Angeles across five contiguous counties: central Los Angeles, Riverside, San Bernardino, Ventura, and North Orange County. Its
leading position in LA gives it the ability to control local marketing initiatives in its markets. Approximately 90% of SCPC’s units are
highly efficient, modern delivery/carryout units that generate compelling economics. SCPC’s highly efficient units drive tremendous
unit-level economics.
