1860 W Ramsey St - Fast Food FOR SALE


Banning, CA 92220
$1,499,983 USD
949-725-8606
1860 W Ramsey St, Banning, CA for Sale
$1,499,983 USD
Fast Food - FOR SALE
1/5
null | 5.25% Cap Rate

1860 W Ramsey St
Banning, CA 92220


HIGHLIGHTS

  • Dominant International Brand – Pizza Hut, a subsidiary of Yum! Brands, Inc., is the world’s largest pizza restaurant company
  • Proven Operator – Southern PacPizza, the operator & guarantor, is among the largest Pizza Hut franchise groups, w/ 77 locations & 30 yrs of op history
  • Strong Historical Occupancy and Sales – Pizza Hut has operated at this location since 1986 and under the current operator since 2012
  • Below Market Rent – Pizza Hut’s rent is only $78,749 Annually ($26.48 PSF/YR and $2.20 PSF/MO), well below market levels
  • High Visibility, High Traffic Location – Located on W. Ramsey Ave (12,800+ CPD)

OVERVIEW

* Dominant International Brand – Pizza Hut, a subsidiary of Yum! Brands, Inc., is the world’s largest pizza restaurant company, with approximately 19,800 locations across more than 120 countries * Proven Operator – Southern PacPizza, the operator and guarantor, is among the largest Pizza Hut franchise groups in the system, with 77 locations and nearly 30 years of operating history. The entity of Southern PacPizza itself manages 24 units across Southern California * Strong Historical Occupancy and Sales – Pizza Hut has operated at this location since 1986 and under the current operator since 2012 with proven sales and a low rent-to-sales ratio, strengthening its continued long-term success * Long Term Absolute NNN Lease – Pizza Hut operates under a 15.5-year Absolute NNN lease (expiring March 2041), one of the most hands-off forms of real estate investment with essentially zero landlord obligations or oversight * Below Market Rent – Pizza Hut’s rent is only $78,749 Annually ($26.48 PSF/YR and $2.20 PSF/MO), well below market levels (+25% below market) and many comparable high rent quick-service restaurants, producing low tenant occupancy costs and future mark-to-market rent potential at lease expiration * High Visibility, High Traffic Location – Located on W. Ramsey Ave (12,800+ CPD), THE primary thoroughfare within Banning, with excellent access to the I-10 Freeway (133,500+ CPD)

FOR SALE DETAILS

PRICE

$1,499,983 USD

PRICE/SF

$548 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

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

ASK ABOUT THIS PROPERTY

John ReadCBREMore Info
949-725-8606

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John ReadCBREMore Info
949-725-8606

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