Pizza Hut Absolute NNN
31736 Casino Drive Lake Elsinore, CA 92530
31736 Casino Drive, Lake Elsinore, CA, 92530
$1,781,800
For Sale
$1,781,800
Pizza Hut property offered for sale with a long-term absolute NNN lease expiring March 2041.
Days on Market28
Property Features for 31736 Casino Drive
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
CBRE - Orange County
(512) 400-0458
Listed by
Parker Carroll, CCIM · License #TX #574702
Source
Trekig
Added: Jun 25 Updated: Jul 20 at 6:11PM Checked: Jul 21 at 5:34AM
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 CBRE - Orange County
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
Location Intelligence
Current Use by Public Records
Pizza Hut
Take-out & Catering
Similar For Sale Nearby
FAQs
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
