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Views: 22 DOM: 9 Updated: 10.09.24 Posted: 10.09.24 Status: Active

Summary

Price $3,550,000
Built/Renov 2024
Tenant Pollo Campero (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,500
Lease Start 12-01-2024
#Units 400
Price/SF $1,420.00
Expiration 12-31-2039
Tenant Type Fast Casual/Rest.
NOI $177,500
R. Term 15.2
Ownership Ground Lease
Rent/SF $71.00
Increases 10.0%/5/yrs
Pop 5Mi 251,651
Lot/AC 0.71
Options 4/5yrs/10%
AHHI 5Mi $91,633

Lease Highlights

  • Brand new 2024 construction
  • New 15-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the base term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Pollo Campero is strategically located at the signalized, hard corner intersection of W Waters Avenue and Henderson Road, with access to a substantial combined daily traffic count of 61,855 vehicles. The property is adjacent to a high-volume Target and Lowe’s-anchored power center, providing excellent visibility and foot traffic. It is within walking distance of a six-building Class-A business...

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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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