Pizza Hut NNN Property For Sale — Los Angeles, CA
4356 Leimert Blvd, Los Angeles, CA 90008
This Pizza Hut location is a top-performing unit, benefiting from a strategic position at a signalized intersection with over 41,000 vehicles per day. The property serves a dense residential area, with over 1.2 million residents within a five-mile radius, ensuring consistent customer volume. The tenant, Southern California Pizza Co., LLC, is the largest Pizza Hut franchisee in California, operating 224 locations, and has successfully operated at this site since 2010, demonstrating strong market commitment and viability. The lease offers a secure long-term investment with over 10 years remaining on an Absolute Triple Net (NNN) lease structure, featuring attractive annual rent increases.
- Address: 4356 Leimert Blvd, Los Angeles, CA 90008
- Asking price $2.94M
- 4.50% cap rate
- NOI $132,474
- 9.5 years remaining
- NNN lease
- Year built: 1991
- Building size: 1,859 SF
- Lot size: 0.18 acres
- Lease expiration: Feb 29, 2036
- Rent increases: 1.5% annual increases
- Guarantor: Corporate
Location
This Pizza Hut property is at 4356 Leimert Blvd in Los Angeles, California.
Asset type: Restaurant