72526 29 Palms Hwy - Restaurant FOR SALE


Twentynine Palms, CA 92277
$867,692 USD
858-900-3700
72526 29 Palms Hwy, Twentynine Palms, CA for Sale
$867,692 USD
Restaurant - FOR SALE
1/6
null | 6.5% Cap Rate

72526 29 Palms Hwy
Twentynine Palms, CA 92277


OVERVIEW

ABSOLUTE NNN LEASE STRUCTURE A truly passive investment, with the tenant covering all expenses, including property taxes, insurance, repairs and maintenance. BELOW REPLACEMENT COST RESTAURANT Opportunity to acquire a fully built restaurant property at a price well below the cost of new construction. This favorable basis provides built-in equity and makes for an attractive long-term hold as construction costs continue to rise. LONG-TERM OPERATING HISTORY This well-established Pizza Hut location has operated continuously at the property since the building was constructed. BELOW MARKET RENT Current rent is below market benchmarks, offering potential for income growth through future rent increases or re-tenanting at higher market rates upon lease expiration. OPTION PERIOD MARKET RENT ADJUSTMENT The lease includes three 5-year renewal options, each adjusting to prevailing market rent (FMR), providing for income growth without any rent caps. EXPERIENCED OPERATOR Operated by a Pizza Hut franchisee with roughly 80 locations, the property benefits from experienced management and consistent lease performance. PERSONAL GUARANTY BY INDUSTRY VETERAN Lease remaining term backed by an industry-leading franchise group with decades of operating history. The lease guarantor’s financial strength and operational expertise provide a secure guarantee on the lease. SIMPLE SITE CONFIGURATION Straightforward site layout allows for future re-tenanting or redevelopment as QSR, small-format retail, or medical services. FRONTAGE ON HWY 62 IN MILITARY TOWN Located on 29 Palms Highway with strong visibility and direct access to the nearby Marine Corps Air Ground Combat Center, the largest U.S. Marine base, which drives a stable employment and consumer base. REGIONAL RETAIL CORRIDOR The property is surrounded by banks, gas stations, grocery, and quick-service retail, reinforcing the property’s position as a core part of Twentynine Palms’ commercial corridor.

FOR SALE DETAILS

PRICE

$867,692 USD

PRICE/SF

$312 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut - Twentynine Palms, CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

GC

APN/PARCEL ID

0618-151-37

ASK ABOUT THIS PROPERTY

Renato LorjaCIRE PartnersMore Info
858-900-3700

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Renato LorjaCIRE PartnersMore Info
858-900-3700

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