135 N Highway 101 - Restaurant FOR SALE


Solana Beach, CA 92075
$4,740,000 USD
858-456-5101
135 N Highway 101, Solana Beach, CA for Sale
$4,740,000 USD
Restaurant - FOR SALE
1/11
null | 4% Cap Rate

135 N Highway 101
Solana Beach, CA 92075


HIGHLIGHTS

  • 20-YEAR LEASE EXECUTED IN 2024 - Pizza Port executed a new 20-year lease in February 2024, extending occupancy through May 2044.
  • DUAL INCOME STREAMS The property benefits from two complementary leases: the Pizza Port restaurant lease and a billboard lease with OutFront Media
  • BUILT-IN RENT GROWTH Pizza Port rent increases 10% every five years and OutFront Media increases by 2.5% annually
  • AWARD-WINNING TENANT Pizza Port has earned more than 100 medals at the Great American Beer Festival and numerous World Beer Cup awards
  • IRREPLACEABLE COASTAL LAND POSITION

OVERVIEW

FIRST TIME OFFERED IN 50 YEARS - Single Net Properties is pleased to exclusively offer the opportunity to acquire the fee simple interest in a coastal NNN Investment property - Pizza Port Brewing Company, the iconic flagship location situated at 135 North Highway 101 in the heart of Solana Beach, California. This exceptional coastal investment combines long-term, stable cash flow with irreplaceable real estate in one of Southern California’s most affluent and supply-constrained markets. Anchored by Pizza Port, one of San Diego’s most recognized restaurant and craft brewery brands, the property has served as the company’s original flagship location for nearly four decades and continues to be a destination for both residents and visitors. The investment is further strengthened by a long-term lease with OutFront Media (Bill Board), providing a second diversified income stream from a highly visible Highway 101 billboard. Positioned along historic Coast Highway 101, the property benefits from outstanding visibility, exceptional pedestrian activity, and immediate access to some of San Diego County’s most desirable coastal communities, including Del Mar, Rancho Santa Fe, Encinitas, Cardiff-by-the-Sea, and La Jolla. Solana Beach is widely recognized for its affluent demographics, strong tourism, limited development opportunities, and enduring demand for coastal real estate. The surrounding area is home to premier destinations including the Cedros Design District, Belly Up Tavern, Fletcher Cove Beach, Del Mar Fairgrounds, the Del Mar Racetrack, and numerous luxury residential communities that contribute to the property’s year-round customer base. The investment offers long-term stability through contractual rent growth while also providing investors with meaningful future value creation opportunities. Scheduled rent increases enhance cash flow over time, while the existing OutFront Media billboard lease represents a rare and valuable outdoor advertising asset in one of California’s most highly regulated coastal markets. Together, these characteristics create a unique opportunity to own an institutional-quality asset with diversified income, exceptional tenant quality, and significant long-term appreciation potential. Investment opportunities of this caliber are exceedingly rare. The combination of a flagship restaurant location, an established national billboard tenant, irreplaceable coastal real estate, and one of the strongest demographic profiles in Southern California positions this property as a true legacy investment—offering durable income today with exceptional long-term value for generations to come.

FOR SALE DETAILS

PRICE

$4,740,000 USD

PRICE/SF

$1,843 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

A COASTAL TROPHY SINGLE TENANT NNN INVESTMENT

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

C

APN/PARCEL ID

263-331-10

ASK ABOUT THIS PROPERTY

Greg VelasquezSingle Net PropertiesMore Info
858-456-5101

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Greg VelasquezSingle Net PropertiesMore Info
858-456-5101

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.