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2029 Pico Blvd
Santa Monica, CA 90405
Pizza Hut · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Long Term Lease – New 10 Year Lease Extension
  • Ideal 1031 Exchange Opportunity
  • Southern California Pizza Co., LLC is the Largest Pizza Hut Franchisee in California & the Third Largest in the Pizza Hut System - 224 Pizza Huts
  • Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • Rare Annual 1.5% Increases – Provides Strong Compounding Hedge Against Inflation
  • Generational Opportunity to Purchase Santa Monica Real Estate Under $1.5 Million

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
1,277 SF
Building Class
C
Year Built
1970
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.11 AC
Zoning
CZ-R2, Santa Monica
Parking
7 Spaces (5.48 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4274-026-020
Land Assessment
$1,273,449
Improvements Assessment
$243,016
Total Assessment
$1,516,465
  • Listing ID: 23477525

  • Date on Market: 6/21/2021

  • Last Updated:

  • Address: 2029 Pico Blvd, Santa Monica, CA 90405

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