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Views: 71 DOM: 71 Updated: 09.05.24 Posted: 06.28.24 Status: Active

Summary

Price $2,700,000
Built/Renov 2024
Tenant Pollo Campero (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,520
Lease Start 05-17-2024
#Units 400
Price/SF $1,071.43
Expiration 05-16-2039
Tenant Type Fast Casual/Rest.
NOI $135,000
R. Term 14.8
Ownership Ground Lease
Rent/SF $53.57
Increases 10.0%/5/yrs
Pop 5Mi 209,101
Lot/AC 0.94
Options 4/5yrs/10%
AHHI 5Mi $97,923

Lease Highlights

  • Brand-new 2024 construction
  • Pollo Campero has 14+ years remaining on the current ground lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Pollo Campero is strategically located on E Colonial Drive, a major east-west thoroughfare, with access to a high daily traffic count of 56,298 vehicles. The property is adjacent to a new 296-unit apartment complex, Starbucks, Johnny Clean Car Wash, Walgreens, an AdventHealth urgent care, and more. Additionally, it is close to the University of Central Florida, one of the largest universities...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Pollo Campero
  • Guarantor:Corporate
  • Company:CMI Foods
  • # Units:400
  • Stock:Private

About Tenant

Pollo Campero is a fast-casual chicken restaurant chain. Their chicken entrees can be ordered either Campero Fried or Citrus-Grilled, bone-in or boneless, and paired with an array of fresh sides,...


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Listing Broker

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