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Pizza Hut NNN Leased Restaurant Investment 72526 29 Palms Hwy 2,710 SF Retail Building Twentynine Palms, CA 92277 $1,210,604 CAD ($446.72 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease: A truly passive investment, with the tenant covering all expenses, including property taxes, insurance, repairs and maintenance.
- This well-established Pizza Hut location has operated continuously at the property since the building was constructed.
- Straightforward site layout allows for future re-tenanting or redevelopment as QSR, small-format retail, or medical services.
- Opportunity to acquire a fully built restaurant property at a price below current construction costs.
- The lease includes three 5-year renewal options, each adjusting to prevailing market rent (FMR), providing for income growth without any rent caps.
- Located on 29 Palms Hwy with strong visibility and access to the Marine Corps Air Ground Combat Center, driving stable employment and consumer base.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,710 SF
Building Class
C
Year Built
1987
Price
$1,210,604 CAD
Price Per SF
$446.72 CAD
Cap Rate
6.50%
NOI
$78,689 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.25 AC
Zoning
General Commercial (GC)
Parking
49 Spaces (18.08 Spaces per 1,000 SF Leased)
Frontage
203’ on Twentynine Palms Hwy
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0618-151-37 | Improvements Assessment | $750,969 CAD |
| Land Assessment | $365,292 CAD | Total Assessment | $1,116,262 CAD |
PROPERTY TAXES
Parcel Number
0618-151-37
Land Assessment
$365,292 CAD
Improvements Assessment
$750,969 CAD
Total Assessment
$1,116,262 CAD
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Pizza Hut NNN Leased Restaurant Investment | 72526 29 Palms Hwy
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