$1,800,000 USD
858-222-3333
1180 S Palm Canyon Dr
Palm Springs, CA 92264
Taquitz Canyon River Estates
HIGHLIGHTS
- Absolute NNN Lease: A truly passive investment, with the tenant covering all expenses, including property taxes, insurance, repairs and maintenance.
- This well-established Pizza Hut location has operated continuously at the property since the building was constructed.
- Opportunity to acquire a fully built restaurant property at a price below current construction costs.
- The lease includes three 5-year renewal options, each adjusting to prevailing market rent (FMR), providing for income growth without any rent caps.
- On Palm Canyon Dr in a busy retail/hospitality corridor, with year-round tourism, major events, and strong local and visitor demand.
- ±4,300 SF building ideal for reuse or QSR/restaurant, with ample parking and access to major arterial roads.
FOR SALE DETAILS
PRICE
$1,800,000 USD
PRICE/SF
$419 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pizza Hut NNN Leased Restaurant Investment
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1992
SPRINKLERS
-
PARKING SPACES
53
LAND DETAILS
LAND ACRES
1.01 AC
LAND SF
43,996 SF
ZONING
C-1 / R-2
APN/PARCEL ID
508-292-002,508-292-031
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858-222-3333
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858-222-3333
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