| Dominant International Brand – Pizza Hut, a subsidiary of Yum! Brands, Inc., is the world’s largest pizza restaurant company, with approximately 19,80 |
| Proven Operator – Southern PacPizza, the operator and guarantor, is among the largest Pizza Hut franchise groups in the system |
| Strong Historical Occupancy and Sales – Pizza Hut has operated at this location since 1994 and under the current operator since 2012 |
| Long Term Absolute NNN Lease – Pizza Hut operates under a 15.5-year Absolute NNN lease (expiring March 2041) |
| Below Market Rent – Pizza Hut’s rent is only $98,000 annually ($34.25 PSF/YR and $2.85 PSF/MO), well below market levels (+25%) |
John Read
CBRE
