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Views: 88 DOM: 124 Updated: 09.16.24 Posted: 08.01.24 Status: Active

Summary

Price $2,935,000
Built/Renov 2024
Tenant El Pollo Loco (GL)
Cap Rate 4.25%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 3,500
Lease Start 05-13-2024
#Units 495
Price/SF $838.57
Expiration 05-31-2044
Tenant Type Fast Casual/Rest.
NOI $124,687
R. Term 19.6
Ownership Ground Lease
Rent/SF $35.62
Increases 10.0%/5/yrs
Pop 5Mi 153,817
Lot/AC 0.94
Options 2/5yrs/10%
AHHI 5Mi $143,505

Lease Highlights

  • Brand-new 2024 construction
  • The tenant has 19+ years remaining on the current ground lease with 2 (5-year) and 1 (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 (NASDAQ: LOCO)

Location Description

El Pollo Loco is strategically located on Winchester Road, a major retail thoroughfare with access to 28,500 vehicles passing by daily. The property is conveniently situated as an outparcel to French Valley Marketplace, a newly developed shopping center featuring well-known national tenants such as Rite Aid, EoS Fitness, AutoZone, Chipotle, 7-Eleven, and more. Nearby retail centers include the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

El Pollo Loco is the nation’s leading fire-grilled chicken restaurant with a mission to bring people together around food, family, and culture in the communities it serves. El Pollo Loco is...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 5,147 90,646 187,940
2024 Total Population : 4,979 87,383 180,839
2024 Employed Civilian Pop : 1,971 37,647 80,686
2024 Total Businesses : 213 1,722 6,128
2024 Average Household Income : $ 162,907 $ 150,511 $ 145,886
2024 Total Consumer Spending : $ 180 M $ 3297 M $ 7012 M
2024 Median Age : 34 36 37
2024 Total Households : 1,296 25,557 56,061
2024 Pop Age 25+: Bachelor's Degree : 898 13,673 28,798
2024 Average Home Value : $ 639,506 $ 668,189 $ 663,479
*ESRI data is presented for informational purposes only

Listing Broker

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