481 Armory Rd

481 Armory Rd, Barstow, CA 92311

1 / 5

For Sale

Description

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 below current construction costs. The favorable basis offers built-in equity and supports a compelling long-term hold as new development expenses rise.
LONG-TERM OPERATING HISTORY
This well-established Pizza Hut location has operated continuously at the property since the building was constructed.
LOW PRICE POINT CALIFORNIA RESTAURANT PROPERTY
Fee-simple restaurant investment in California offered at a low price point, featuring passive NNN income and the potential for future upside.
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
This location is operated by a highly experienced Pizza Hut franchisee overseeing approximately 80 locations throughout California.
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.
EXCEPTIONAL FREEWAY VISIBILITY & SIGNAGE
Strategic location just off the Mojave Freeway (I-15) with exposure to over 82,000 vehicles per day. The property sits prominently near the interstate on a highly visible off-ramp location, capturing traffic from I-15 (the main Los Angeles–Las Vegas route) as well as local Barstow roads (~18,000 VPD on Barstow Rd). A large freeway visible pylon sign and building signage directly target freeway travelers, making this an ideal pit-stop location.
INCLUDES DRIVE-THRU FORMAT
The property includes a fully operational Hut Lane drive-thru, Pizza Hut’s pickup window format designed to streamline off-premises orders, mobile app pickups, and third-party delivery driver access.

Other

CREXi Listing

Pricing

Financials

Price: $1,487,603
Cap Rate: 6.05%
NOI: $90,000

Property Details

Specs

Building Size: ±3,608 SF
Year Built: 1994
Land Area: ±0.08 AC (3,608 SF)
Property Type: Retail

Description

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 below current construction costs. The favorable basis offers built-in equity and supports a compelling long-term hold as new development expenses rise.
LONG-TERM OPERATING HISTORY
This well-established Pizza Hut location has operated continuously at the property since the building was constructed.
LOW PRICE POINT CALIFORNIA RESTAURANT PROPERTY
Fee-simple restaurant investment in California offered at a low price point, featuring passive NNN income and the potential for future upside.
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
This location is operated by a highly experienced Pizza Hut franchisee overseeing approximately 80 locations throughout California.
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.
EXCEPTIONAL FREEWAY VISIBILITY & SIGNAGE
Strategic location just off the Mojave Freeway (I-15) with exposure to over 82,000 vehicles per day. The property sits prominently near the interstate on a highly visible off-ramp location, capturing traffic from I-15 (the main Los Angeles–Las Vegas route) as well as local Barstow roads (~18,000 VPD on Barstow Rd). A large freeway visible pylon sign and building signage directly target freeway travelers, making this an ideal pit-stop location.
INCLUDES DRIVE-THRU FORMAT
The property includes a fully operational Hut Lane drive-thru, Pizza Hut’s pickup window format designed to streamline off-premises orders, mobile app pickups, and third-party delivery driver access.