Pollo Campero (GL)

13645 East Colonial Drive, Orlando, FL 32826

$2,700,000

Cap Rate 5.00%

Views: 114 DOM: 176 Updated: 10.18.24 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 14.4	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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Key Features

New construction
Build to suit
High traffic 50M+ VPD
Dense retail corridor
Top 100 MSA
Strong demographics
Income tax free state
Brand new lease
Absolute NNN
Corporate Guarantee

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Links

Pollo Campero Wikipedia Pollo Campero Wikipedia Orlando, Florida Zip Code 32826 Broker Site Page

Maps

Local Information

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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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	15,447	97,619	220,361
2024 Total Population :	15,480	98,359	220,440
2024 Employed Civilian Pop :	8,341	47,066	117,301
2024 Total Businesses :	321	2,897	5,755
2024 Average Household Income :	$ 77,439	$ 94,468	$ 107,909
2024 Total Consumer Spending :	$ 384 M	$ 2535 M	$ 6760 M
2024 Median Age :	29	26	30
2024 Total Households :	5,558	30,427	71,416
2024 Pop Age 25+: Bachelor's Degree :	2,002	14,417	38,049
2024 Average Home Value :	$ 286,447	$ 388,595	$ 427,532

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
E Colonial Dr	Bonneville Dr	2012	58,686	0.07 mi
E Colonial Dr	Bridgeway Blvd	2007	31,500	0.23 mi
E Colonial Dr	Bonneville Dr	2007	38,500	0.23 mi
East-West Expressway	E Colonial Dr	2022	15,500	0.37 mi
Holland East-West Expy	E Colonial Dr	2012	10,100	0.38 mi
	E Colonial Dr	2022	12,500	0.38 mi
SR 50	E Colonial Dr	2021	13,000	0.38 mi
SR 408 WB	E Colonial Dr	2021	2,100	0.45 mi
	E Colonial Dr	2022	2,100	0.45 mi
Challenger Pkwy	East-West Expy on Ramp W	2012	9,906	0.46 mi

Listing Broker

Scott DeYoung

Faris Lee Investments

Contact

34 Listings
3897 Views
20 Sold

Greg Lukosky

Faris Lee Investments

Contact

16 Listings
2261 Views
5 Sold

Scott DeYoung

As a Senior Managing Director at Faris Lee Investments, Mr. DeYoung was the co-top producer at the Company in 2021. Mr. DeYoung has more than a decade of brokerage experience and currently holds real estate broker licenses in California, Florida, Montana, and Hawaii. Mr. DeYoung is a fifth-generation broker and developer in Southern California, as well as an active real estate investor. In 2021, Mr. DeYoung acquired and disposed of over $26M in commercial real estate as a General Partner. His e

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Greg Lukosky

Experienced, enthusiastic, and accomplished real estate executive with a distinct advantage of management positions in both Corporate Real Estate and Shopping Center Development. Seeking position with a company that will benefit from a creative and analytical background. Experienced in all aspects and phases of both Asset Management and Development from both the developer/owner and tenant perspective as a result of combined 20+ years within private retail development and corporate real estate.

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Jeff Conover

Faris Lee Investments

Contact

33 Listings
3872 Views
19 Sold

Jeff Conover

Jeff Conover was appointed Managing Principal at Faris Lee Investments in 2021 and has 34 years of transactional brokerage experience within the commercial real estate industry across the U.S. As Managing Principal of Faris Lee Investments, a national leading retail advisory and investment sales firm, Mr. Conover is a top producer year-over-year with proven performance specializing in the disposition of single tenant NNN leased investments, multi-tenant shopping centers, national portfolios &am

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