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Views: 61 DOM: 31 Updated: 11.01.24 Posted: 11.01.24 Status: Active

Summary

Price $3,725,500
Built/Renov 2024
Tenant Pollo Campero (GL)
Cap Rate 5.10%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,500
Lease Start 04-23-2024
#Units 400
Price/SF $1,490.20
Expiration 04-22-2039
Tenant Type Fast Casual/Rest.
NOI $190,000
R. Term 14.4
Ownership Ground Lease
Rent/SF $76.00
Increases 10.0%/5/yrs
Pop 5Mi 759,036
Lot/AC 0.64
Options 4/5yrs/10%
AHHI 5Mi $92,395

Lease Highlights

  • Brand new 2024 construction
  • New 15-year ground lease with 4 (5-year) 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 on Rosecrans Avenue, with access to 21,100 vehicles passing by daily. The property is situated less than two miles from Interstate 105, which sees 230,000 VPD. It is directly adjacent to Walgreens and within half a mile of the Walmart-anchored Paramount Towne Center, featuring national tenants such as Planet Fitness, Carl's Jr., and Sally Beauty....

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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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