Restaurant
Pizza Hut Wing Street | Absolute NNN | Hard Corner Signalized Intersection | Downtown Los Angeles
4356 Leimert Blvd, Los Angeles, CA 90008
Listing Price: $2,790,000
Investment Overview
Marcus & Millichap is pleased to exclusively present Pizza Hut/WingStreet, a premier net lease investment opportunity located in the heart of Los Angeles, California. This offering features an absolute triple-net leased Pizza Hut/WingStreet with more than 9.5 years of firm lease term remaining, providing investors with durable, passive cash flow backed by an established operator in one of the country's most supply-constrained retail markets.
The lease is structured with rare 1.50 percent annual rental increases throughout both the remaining base term and each of the three (3), five-year renewal options, creating consistent NOI growth while providing a meaningful hedge against inflation. The tenant is responsible for all operating expenses; there are zero landlord responsibilities.
Pizza Hut Wing Street | Absolute NNN | Hard Corner Signalized Intersection | Downtown Los Angeles
Investment Highlights
- Institutional-Quality Net Lease Investment | Minutes from Downtown Los Angeles - Located in One of the Nation's Most Desirable and Supply-Constrained Commercial Real Estate Markets
- Over 9.5 Years of Guaranteed Cash Flow - More than 9.5 Years of Firm Lease Term Remain with Southern California Pizza Company, California's Largest Pizza Hut franchisee
- Rare Annual Rent Growth-The Lease Features Strong 1.50 Percent Annual Rent Increases Throughout Both the Base Term and All Three Renewal Options
- Absolute Triple-Net Lease - A True Passive Investment with Tenant Responsible for Taxes, Insurance, Maintenance, Roof, Structure, Parking Lot, HVAC, and All Operating Expenses
- Irreplaceable Infill Real Estate - Situated on a Signalized Hard Corner Within Historic Leimert Park Village, One of Los Angeles' Most Culturally Significant Districts
Exclusively Listed By
Broker of Record
-
Tony Solomon
Senior Managing Director, Market Leader - Los Angeles
Restaurant
Pizza Hut Wing Street | Absolute NNN | Hard Corner Signalized Intersection | Downtown Los Angeles
Listing Price: $2,790,000
Investment Highlights
- Institutional-Quality Net Lease Investment | Minutes from Downtown Los Angeles - Located in One of the Nation's Most Desirable and Supply-Constrained Commercial Real Estate Markets
- Over 9.5 Years of Guaranteed Cash Flow - More than 9.5 Years of Firm Lease Term Remain with Southern California Pizza Company, California's Largest Pizza Hut franchisee
- Rare Annual Rent Growth-The Lease Features Strong 1.50 Percent Annual Rent Increases Throughout Both the Base Term and All Three Renewal Options
- Absolute Triple-Net Lease - A True Passive Investment with Tenant Responsible for Taxes, Insurance, Maintenance, Roof, Structure, Parking Lot, HVAC, and All Operating Expenses
- Irreplaceable Infill Real Estate - Situated on a Signalized Hard Corner Within Historic Leimert Park Village, One of Los Angeles' Most Culturally Significant Districts
Investment Overview
Marcus & Millichap is pleased to exclusively present Pizza Hut/WingStreet, a premier net lease investment opportunity located in the heart of Los Angeles, California. This offering features an absolute triple-net leased Pizza Hut/WingStreet with more than 9.5 years of firm lease term remaining, providing investors with durable, passive cash flow backed by an established operator in one of the country's most supply-constrained retail markets. The lease is structured with rare 1.50 percent annual rental increases throughout both the remaining base term and each of the three (3), five-year renewal options, creating consistent NOI growth while providing a meaningful hedge against inflation. The tenant is responsible for all operating expenses; there are zero landlord responsibilities.
Exclusively Listed By
Broker of Record
-
Tony Solomon
Senior Managing Director, Market Leader - Los Angeles
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