Pizza Hut Absolute NNN
For Sale
$1,781,800
31736 Casino Drive, Lake Elsinore, CA 92530
Pizza Hut property offered for sale with a long-term absolute NNN lease expiring March 2041.
Property Size2,861 SF
Days on Market75
Property Features for 31736 Casino Drive
General Information
Standard status
Active
Size
2,861 SF
Property subtype
Retail
Building Details
Building Size
2,861 SF
Listing Agency:
Trek Investment Group
Listed By:
Parker Carroll, CCIM · License #TX #574702
(512) 400-0458
Source:
Trekig
Added: Jun 25
Changed: Aug 8
Last Checked: Sep 7 at 6:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trek Investment Group
Investment Insights
Based on property information with market context.
This sale features a Pizza Hut restaurant property operated under an absolute NNN lease structure. The current lease term is 15.5 years, with expiration in March 2041. The arrangement includes embedded increases of 10% every five years, supporting projected net operating income growth over the initial lease term.
The operator and guarantor is Southern PacPizza, described as a large Pizza Hut franchise group within the system, with 77 locations and nearly 30 years of operating history. The entity manages 24 units across Southern California. According to the provided remarks, the restaurant has operated at this location since 1994 and under the current operator since 2012.
The offering is presented as a long-term, low-maintenance investment with essentially zero landlord obligations or oversight under the absolute NNN lease framework.
The operator and guarantor is Southern PacPizza, described as a large Pizza Hut franchise group within the system, with 77 locations and nearly 30 years of operating history. The entity manages 24 units across Southern California. According to the provided remarks, the restaurant has operated at this location since 1994 and under the current operator since 2012.
The offering is presented as a long-term, low-maintenance investment with essentially zero landlord obligations or oversight under the absolute NNN lease framework.
Key Highlights
- Pizza Hut location operated since 1994 and under the current operator since 2012
- Absolute NNN lease term of 15.5 years expiring March 2041
- Embedded rent increases of 10% every 5 years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
984
Businesses Nearby
197k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Dining 36%
Shops & Services 20%
Beauty & Spa 2%
Stater Bros. Markets
Groceries
45,859 visits/mo
0.4 miles
Cardenas Market
Groceries
33,629 visits/mo
0.1 miles
Starbucks
Dining
28,356 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
24,615 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
14,817 visits/mo
0.2 miles
Demographics for 92530, CA
59,098
Population
18,502
Households
3.2
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
77.1 sq mi
ZIP Area
767
Density / Sq Mi
$84,799
Median Household Income
$41,138
Median Earnings
$1,705
Median Rent
$467,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Pizza Hut property offered for sale with a long-term absolute NNN lease expiring March 2041.
Where is this conventional restaurant located?
The property is located at 31736 Casino Drive Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $1,781,800.
What are key features of this property?
This property features: Pizza Hut location operated since 1994 and under the current operator since 2012; Absolute NNN lease term of 15.5 years expiring March 2041; Embedded rent increases of 10% every 5 years
