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Pizza Hut Wingstreet 4356 Leimert Blvd 1,859 SF Retail Building Los Angeles, CA 90008 $2,790,000 ($1,500.81/SF) 4.75% Cap Rate
Investment Highlights
- Institutional-Quality Net Lease Investment | Minutes from Downtown Los Angeles
- The lease features strong 1.50% annual rent increases throughout both the base term and all three renewal options
- A true passive investment with tenant responsible for taxes, insurance, maintenance, roof, structure, parking lot, HVAC, and all operating expenses
- 9.5+ Years of Guaranteed Cash Flow
- Southern California Pizza Company, California's largest Pizza Hut franchisee, operating nearly 300 locations throughout the region
Executive Summary
Tony Solomon | Broker of Record | 23975 Park Sorrento, Suite #400, Calabasas, CA 91302 | 310-909-5500 | License #01238010
The Klink Group of Marcus & Millichap is pleased to exclusively present Pizza Hut/WingStreet, a premier net lease investment opportunity located in the heart of Los Angeles, California. This offering features an absolute triple-net leased Pizza Hut/WingStreet with more than 9.5 years of firm lease term remaining, providing investors with durable, passive cash flow backed by an established operator in one of the country's most supply-constrained retail markets.
The lease is structured with rare 1.50% annual rental increases throughout both the remaining base term and each of the three (3), five-year renewal options, creating consistent NOI growth while providing a meaningful hedge against inflation. The tenant is responsible for all operating expenses; there are zero landlord responsibilities
The Klink Group of Marcus & Millichap is pleased to exclusively present Pizza Hut/WingStreet, a premier net lease investment opportunity located in the heart of Los Angeles, California. This offering features an absolute triple-net leased Pizza Hut/WingStreet with more than 9.5 years of firm lease term remaining, providing investors with durable, passive cash flow backed by an established operator in one of the country's most supply-constrained retail markets.
The lease is structured with rare 1.50% annual rental increases throughout both the remaining base term and each of the three (3), five-year renewal options, creating consistent NOI growth while providing a meaningful hedge against inflation. The tenant is responsible for all operating expenses; there are zero landlord responsibilities
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,859 SF
Building Class
B
Year Built
1991
Price
$2,790,000
Price Per SF
$1,500.81
Cap Rate
4.75%
NOI
$132,604
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.18 AC
Zoning
LAC1.5 - Limited Commercial
Parking
16 Spaces (8.61 Spaces per 1,000 SF Leased)
Frontage
34’ on Leimert Blvd
Amenities
- 24 Hour Access
Moderately walkable
60/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5023-009-021 | Improvements Assessment | $827,742 |
| Land Assessment | $1,931,398 | Total Assessment | $2,759,140 |
Property Taxes
Parcel Number
5023-009-021
Land Assessment
$1,931,398
Improvements Assessment
$827,742
Total Assessment
$2,759,140
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Pizza Hut Wingstreet | 4356 Leimert Blvd
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