Pizza Hut NNN Property For Sale — Long Beach, CA
3498 East 7th Street, Long Beach, CA 90804
This Pizza Hut property offers investors an absolute NNN leased asset with strong in-place income and long-term stability. The tenant has successfully operated at this location since 1990, demonstrating a proven track record. The property benefits from 1.50% annual rent increases, providing a steady growth in returns. Situated on 7th Street in Long Beach, near the intersection of Redondo Avenue, the location offers excellent visibility and is just seven blocks from the ocean. This freestanding building features pylon signage, further enhancing its appeal. The surrounding area boasts a dense population with favorable demographics and is home to several national retailers, ensuring consistent customer traffic.
- Address: 3498 East 7th Street, Long Beach, CA 90804
- Asking price $1.06M
- 5.00% cap rate
- NOI $53,068
- 10 years remaining
- NNN lease
- Year built: 1990
- Building size: 1,220 SF
- Lot size: 0.14 acres
- Lease expiration: Sep 30, 2024
- Rent increases: 1.50% annual increases
- Guarantor: Corporate
Location
This Pizza Hut property is at 3498 East 7th Street in Long Beach, California.
Asset type: Retail - Free Standing