1860 W Ramsey St - Fast Food FOR SALE
Banning, CA 92220 |
$835,000 USD
858-222-3333
1860 W Ramsey St
Banning, CA 92220
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.
- Prime spot on West Ramsey St off I-10 (Exit 99) with 97' frontage, 140K daily traffic, and standout signage ideal for capturing freeway travelers.
- Near Walmart, Home Depot & other majors in Beaumont, the site benefits from crossover traffic, boosting sales and tenant stability.
FOR SALE DETAILS
PRICE
$835,000 USD
PRICE/SF
$298 USD /SF
CAP RATE
5.75%
% 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
1985
SPRINKLERS
-
PARKING SPACES
26
LAND DETAILS
LAND ACRES
0.58 AC
LAND SF
25,265 SF
ZONING
Downtown Commercial (DC)
APN/PARCEL ID
538-210-029
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858-222-3333
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858-222-3333
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