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1180 S Palm Canyon Dr
Palm Springs, CA 92264
Pizza Hut NNN Leased Restaurant Investment · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease: A truly passive investment, with the tenant covering all expenses, including property taxes, insurance, repairs and maintenance.
- Opportunity to acquire a fully built restaurant property at a price below current construction costs.
- On Palm Canyon Dr in a busy retail/hospitality corridor, with year-round tourism, major events, and strong local and visitor demand.
- This well-established Pizza Hut location has operated continuously at the property since the building was constructed.
- The lease includes three 5-year renewal options, each adjusting to prevailing market rent (FMR), providing for income growth without any rent caps.
- ±4,300 SF building ideal for reuse or QSR/restaurant, with ample parking and access to major arterial roads.
Property Facts
Property Type
Retail
Property Subtype
Building Size
4,330 SF
Building Class
C
Year Built
1992
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.04 AC
Zoning
C-1 / R-2
Parking
53 Spaces (15.38 Spaces per 1,000 SF Leased)
Frontage
55’ on S Palm Canyon Dr
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $925,760 | |
| Land Assessment | $909,183 | Total Assessment | $1,834,943 |
Property Taxes
Parcel Numbers
Land Assessment
$909,183
Improvements Assessment
$925,760
Total Assessment
$1,834,943
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