Contacts

Parker Carroll, CCIM

TREK Investment Group

Property Details

Property Type Retail - Restaurant
Property Size 2,861 SF
Units 1
Property Tenancy Single Tenant
Date Updated May 13, 2026

Lake Elsinore has grown to over 70,000 residents and features a household median income near $96,500. The city's economy is driven by construction, retail, education, healthcare, and tourism, anchored by its namesake lake and recreational amenities. Projected job growth is an impressive 44% over the next decade which is well above national averages and is supported by new residential developments and retail expansion. Lake Elsinore leads the Inland Empire in family-oriented housing and lifestyle offerings, benefiting from proximity to Orange County and San Diego while maintaining affordability and growth. The local government is investing in infrastructure and waterfront development to enhance parks and public access, positioning the city as a growing economic and cultural destination in Southern California.TREK Investment Group, along with CBRE is pleased to present this Pizza Hut in Lake Elsinore. Positioned on Casino Drive, immediately accessible from I-15 with an impressive 135,500+ vehicles per day, the site enjoys high visibility and accessibility. It sits adjacent to national retailers like CVS, McDonald’s, the UPS Store, Goodwill, benefiting from strong retail synergy. The store includes a Hut Lane drive-thru and supports digital ordering, carry-out, delivery, and dine-in. The property is leased under a corporate-guaranteed absolute NNN structure. Lake Elsinore’s expanding residential population and tourism-driven weekend traffic bolster ongoing performance.

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Highlights

approximately 19,800 locations across more than 120 countries
California
Dominant International Brand – Pizza Hut, a subsidiary of Yum! Brands, Inc., is the world’s largest pizza restaurant company, with
hands-off forms of real estate investment with essentially zero landlord obligations or oversight
Improving Returns – Due to embedded increases (10% every 5 years), the Net Operating Income is projected to increase $20,500 (21%) over the initial lease term, providing a strong inflationary hedge compared to many “flat” STNL investments
Long Term Absolute NNN Lease – Pizza Hut operates under a 15.5-year Absolute NNN lease (expiring March 2041), one of the most
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 with proven sales and a low rent-to-sales ratio, strengthening its continued long-term success
with 77 locations and nearly 30 years of operating history. The entity of Southern PacPizza itself manages 24 units across Southern