loader
Join Free
Views: 25 DOM: 7 Updated: 11.01.24 Posted: 11.01.24 Status: Active

Summary

Price $4,900,000
Built/Renov 2024
Tenant Pollo Campero (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,470
Lease Start 12-01-2024
#Units 400
Price/SF $1,983.81
Expiration 12-31-2039
Tenant Type Fast Casual/Rest.
NOI $245,000
R. Term 15.1
Ownership Ground Lease
Rent/SF $99.19
Increases 10.0%/5/yrs
Pop 5Mi 238,658
Lot/AC 0.70
Options 3/5yrs/10%
AHHI 5Mi $98,437

Lease Highlights

  • Brand new construction | Scheduled for January 2025 opening
  • New 15-year ground lease with 3 (5-year), 1 (4-year &11 months) options to extend
  • 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Pollo Campero is strategically located at the signalized hard corner intersection of Magnolia Avenue and La Sierra Avenue, with access to a substantial combined daily traffic count of 59,262 vehicles. The property is ideally situated near several hotels, offering nearly 590 rooms within a two-mile radius. Directly across from La Sierra Plaza Shopping Center and within close proximity to...

...

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,...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity