Pizza Hut Wing Street
Absolute NNN | Annual Increases | Hard-Corner Signalized Location
Marketing description
The Klink Group of Marcus & Millichap is pleased to exclusively present Pizza Hut/WingStreet, a premier net lease investment opportunity located in the heart of Los Angeles, California. This offering features an absolute triple-net leased Pizza Hut/WingStreet with more than 9.5 years of firm lease term remaining, providing investors with durable, passive cash flow backed by an established operator in one of the country's most supply-constrained retail markets.
The lease is structured with rare 1.50% annual rental increases throughout both the remaining base term and each of the three (3), five-year renewal options, creating consistent NOI growth while providing a meaningful hedge against inflation. The tenant is responsible for all operating expenses; there are zero landlord responsibilities
Beyond the strength of the lease, the underlying real estate represents a truly irreplaceable location within historic Leimert Park Village, one of Los Angeles' most culturally significant commercial districts. Positioned on a signalized hard corner along Crenshaw Boulevard, which has over 40,000 VPD & walking distance to the metro K-line, the property benefits from exceptional visibility, dense surrounding population, and long-term barriers to new development that continue to support retail demand and real estate values.
Combining long-term contractual income growth, zero landlord responsibilities, exceptional real estate fundamentals, and one of the nation's most sought-after investment markets, this Pizza Hut/WingStreet operated by Southern California Pizza Company, the largest California Pizza Hut Franchisee operating nearly 300 locations, offers investors the rare opportunity to acquire an institutional-quality net lease asset with both dependable current income and compelling long-term appreciation potential.
Investment highlights
Institutional-Quality Net Lease Investment | Minutes from Downtown Los Angeles
Located in one of the nation's most desirable and supply-constrained commercial real estate markets, this investment offers durable, passive income supported by irreplaceable underlying real estate in a market with exceptionally high barriers to entry.
9.5+ Years of Guaranteed Cash Flow
More than 9.5 years of firm lease term remain with Southern California Pizza Company, California's largest Pizza Hut franchisee, operating nearly 300 locations throughout the region.
Rare Annual Rent Growth
The lease features strong 1.50% annual rent increases throughout both the base term and all three renewal options, providing consistent NOI growth and inflation protection.
Absolute Triple-Net Lease
A true passive investment with tenant responsible for taxes, insurance, maintenance, roof, structure, parking lot, HVAC, and all operating expenses.
Proven Operating Location
Pizza Hut has successfully operated from this location for more than 15 years, demonstrating the strength of the trade area, consistent consumer demand, and the long-term viability of the site.
Irreplaceable Infill Real Estate
Situated on a signalized hard corner within historic Leimert Park Village, one of Los Angeles' most culturally significant districts, the property benefits from exceptional visibility and extremely limited future retail development. Further enhancing the area's long-term outlook, the adjacent Vision Theatre is undergoing a $40 million redevelopment, scheduled to reopen in 2027 as a premier cultural and entertainment destination for the community.
Exceptional Demographics & Traffic
The property serves more than 1.18 million residents within a five-mile radius, with average household incomes approaching $100,000 and exposure to more than 40,000 vehicles per day along Crenshaw Boulevard.
Scarce Los Angeles Retail Investment Opportunity
Opportunities to acquire absolute NNN assets in infill Los Angeles locations are exceptionally limited due to high land values, restrictive development conditions, and limited transaction volume, making this a rare opportunity to own institutional-quality real estate in one of the nation's premier investment markets.
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