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| Price $2,800,000 $3,048,193 | Built/Renov 2016 | Tenant Pollo Tropical (GL) |
| Cap Rate 4.52% 4.15% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
3,505
| Lease Start
02-05-2016
| #Units
177
|
| Price/SF $798.86 $869.67 | Expiration
02-04-2031
| Tenant Type Fast Casual/Rest. |
| NOI $126,500 | R. Term 5.8 | Ownership Ground Lease |
| Rent/SF
$36.09
| Increases 10.0%/3/yrs | Pop 5Mi 245,731 |
| Lot/AC 0.66 | Options 5/5yrs/10% | AHHI 5Mi $135,432 |
| | |
This Pollo Tropical is strategically located along FL-Hwy 7, a major thoroughfare leading directly south to Miami, with access to 68,500 vehicles per day. The 3,505 square foot building is situated as an outparcel to Lowe’s Home Improvement and is within proximity to several regional shopping centers. National/credit tenants in the area include Target, The Home Depot, Publix, Walmart...
...High traffic 50M+ VPD
Major thoroughfare
Highway location
Top 100 MSA
Strong demographics
Income tax free state
Absolute NNN
Corporate Guarantee
Publicly traded company
Over 100 Units backed
Pollo Tropical was founded in 1988 by two brothers from Miami, Larry and Stuart Harris. The chicken recipe was the result of Larry’s studying cookbooks on Latin American cuisine and conducting...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 18,474 | 102,938 | 248,620 |
| 2023 Total Population : | 18,103 | 102,709 | 247,755 |
| 2023 Employed Civilian Pop : | 9,842 | 53,196 | 125,171 |
| 2023 Total Businesses : | 612 | 5,377 | 11,435 |
| 2023 Average Household Income : | $ 103,858 | $ 125,683 | $ 135,496 |
| 2023 Total Consumer Spending : | $ 607 M | $ 4293 M | $ 11451 M |
| 2023 Median Age : | 43 | 48 | 48 |
| 2023 Total Households : | 6,796 | 39,991 | 99,126 |
| 2023 Pop Age 25+: Bachelor's Degree : | 3,609 | 22,781 | 56,106 |
| 2023 Average Home Value : | $ 425,071 | $ 449,120 | $ 484,953 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Range Line Rd | W Palmetto PkRd | 2013 | 52,539 | 0.07 mi |
| W Palmetto Park Rd | Range Line Rd | 2019 | 34,889 | 0.20 mi |
| Range Line Rd | W Palmetto PkRd | 2017 | 56,100 | 0.30 mi |
| Range Line Rd | N Central PkBlvd | 2012 | 51,641 | 0.31 mi |
| W Palmetto Park Rd | Catskill Dr | 2019 | 23,203 | 0.33 mi |
| N Central Park Blvd | Range Line Rd | 2012 | 8,206 | 0.36 mi |
| Boca Woods Ln | Silver Lake Dr | 2012 | 4,449 | 0.38 mi |
| State Road 7 | 2018 | 54,810 | 0.38 mi | |
| Range Line Rd | N Central PkBlvd | 2012 | 51,235 | 0.42 mi |
| State Road 7 | N Central PkBlvd | 2018 | 68,500 | 0.42 mi |
Willis, TX
Cap Rate 4.53%
Lease Abs NNN
R. Term 14.11 yrs
Size/SF 2,325
Scottsdale, AZ
Cap Rate 4.75%
Lease Abs NNN
R. Term 19.70 yrs
Size/SF 2,180
Mercerville, NJ
Cap Rate 5.00%
Lease NN+
R. Term 14.80 yrs
Size/SF 2,325
Toms River, NJ
Cap Rate 5.00%
Lease NN+
R. Term 14.10 yrs
Size/SF 2,325
Eau Claire, WI
Cap Rate 4.65%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 2,809
Michigan City, IN
Cap Rate 4.50%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 5,222
Jeffersonville, IN
Cap Rate 5.00%
Lease NN+
R. Term 14.70 yrs
Size/SF 2,325
South Jordan, UT
Cap Rate 4.50%
Lease Abs NNN
R. Term 11.40 yrs
Size/SF 3,311
Daphne, AL
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 2,226
Murrieta, CA
Cap Rate 4.38%
Lease Abs NNN
R. Term 14.11 yrs
Size/SF 3,206
Clermont, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 4,618
Northfield, OH
Cap Rate 5.00%
Lease Abs NNN
R. Term 13.80 yrs
Size/SF 5,555
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
