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A COASTAL TROPHY SINGLE TENANT NNN INVESTMENT 135 N Highway 101 2 572 pi² Commerce de détail Immeuble Solana Beach, CA 92075 6 687 287 $ CAD (2 600,03 $ CAD/pi²) 4% Taux de capitalisation



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Faits saillants de l'investissement
- 20-YEAR LEASE EXECUTED IN 2024 - Pizza Port executed a new 20-year lease in February 2024, extending occupancy through May 2044.
- BUILT-IN RENT GROWTH Pizza Port rent increases 10% every five years and OutFront Media increases by 2.5% annually
- IRREPLACEABLE COASTAL LAND POSITION
- DUAL INCOME STREAMS The property benefits from two complementary leases: the Pizza Port restaurant lease and a billboard lease with OutFront Media
- AWARD-WINNING TENANT Pizza Port has earned more than 100 medals at the Great American Beer Festival and numerous World Beer Cup awards
Résumé de l'annonce
FIRST TIME OFFERED IN 50 YEARS - Single Net Properties is pleased to exclusively offer the opportunity to acquire the fee simple interest in a coastal NNN Investment property - Pizza Port Brewing Company, the iconic flagship location situated at 135 North Highway 101 in the heart of Solana Beach, California. This exceptional coastal investment combines long-term, stable cash flow with irreplaceable real estate in one of Southern California’s most affluent and supply-constrained markets. Anchored by Pizza Port, one of San Diego’s most recognized restaurant and craft brewery brands, the property has served as the company’s original flagship location for nearly four decades and continues to be a destination for both residents and visitors. The investment is further strengthened by a long-term lease with OutFront Media (Bill Board), providing a second diversified income stream from a highly visible Highway 101 billboard. Positioned along historic Coast Highway 101, the property benefits from outstanding visibility, exceptional pedestrian activity, and immediate access to some of San Diego County’s most desirable coastal communities, including Del Mar, Rancho Santa Fe, Encinitas, Cardiff-by-the-Sea, and La Jolla. Solana Beach is widely recognized for its affluent demographics, strong tourism, limited development opportunities, and enduring demand for coastal real estate. The surrounding area is home to premier destinations including the Cedros Design District, Belly Up Tavern, Fletcher Cove Beach, Del Mar Fairgrounds, the Del Mar Racetrack, and numerous luxury residential communities that contribute to the property’s year-round customer base. The investment offers long-term stability through contractual rent growth while also providing investors with meaningful future value creation opportunities. Scheduled rent increases enhance cash flow over time, while the existing OutFront Media billboard lease represents a rare and valuable outdoor advertising asset in one of California’s most highly regulated coastal markets. Together, these characteristics create a unique opportunity to own an institutional-quality asset with diversified income, exceptional tenant quality, and significant long-term appreciation potential. Investment opportunities of this caliber are exceedingly rare. The combination of a flagship restaurant location, an established national billboard tenant, irreplaceable coastal real estate, and one of the strongest demographic profiles in Southern California positions this property as a true legacy investment—offering durable income today with exceptional long-term value for generations to come.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Restaurant
Taille du bâtiment
2 572 pi²
Classe d’immeuble
B
Année de construction
1928
Prix
6 687 287 $ CAD
Prix par pi²
2 600,03 $ CAD
Taux de capitalisation
4%
Revenu net d’exploitation
267 491 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,66
Taille du lot
0,09 AC
Zonage
C
Stationnement
2 places (0,78 places par 1 000 pi² loué)
Façade
44’ sur N Highway 101
Commodités
- Affichage
Assez accessible à pied
50/100
Exceptionnellement adapté aux voitures
90/100
Bons transports en commun
70/100
Moyennement accessible en vélo
60/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 263-331-10 | Évaluation des bâtiments | 173 779 $ CAD |
| Évaluation du terrain | 69 067 $ CAD | Évaluation totale | 242 846 $ CAD |
Impôts fonciers
Numéro de lot
263-331-10
Évaluation du terrain
69 067 $ CAD
Évaluation des bâtiments
173 779 $ CAD
Évaluation totale
242 846 $ CAD
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Présenté par
Single Net Properties
A COASTAL TROPHY SINGLE TENANT NNN INVESTMENT | 135 N Highway 101
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