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Restaurant For Sale • 2,572 SF
| 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 |
| Cap Rate: | 4.00 % |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Solana Beach (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) | 1 min | 5 min | 0.2 mi |
| Encinitas (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) | 10 min | - | 4.4 mi |
| Airport | Drive | Walk | Distance |
| San Diego International | 27 min | - | 20.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 2 |
| Type: | Surface |
| Included in Rent: | Yes |
