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Investment Highlights

  • 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

Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,572 SF
Building Class
B
Year Built
1928
Price
$4,740,000
Price Per SF
$1,842.92
Cap Rate
4%
NOI
$189,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.66
Lot Size
0.09 AC
Zoning
C
Parking
2 Spaces (0.78 Spaces per 1,000 SF Leased)
Frontage
44’ on N Highway 101

Amenities

  • Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100

Nearby Major Retailers

F45 Training
StretchLab
Yoga Six
Orangetheory Fitness
Starbucks
Sprouts Farmers Market
San Diego County Credit Union
Jpmorgan Chase & And Co
Brigantine Seafood Restaurant
Cross Fit Society

Property Taxes

Property Taxes

Parcel Number
263-331-10
Land Assessment
$48,892
Improvements Assessment
$123,017
Total Assessment
$171,909
  • Listing ID: 41424840

  • Date on Market: 7/24/2026

  • Last Updated:

  • Address: 135 N Highway 101, Solana Beach, CA 92075

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