El Pollo Loco,
Baton Rouge, LA Investment Summary
| Price | $4,525,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 15 Years |
| Lease Type | Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot. |
| Rental Increases | 10% rental increases every five (5) years |
| Year Built | 2021 |
| Building Size | 2,660 SF |
| Lot Size | 0.78 Acres (33,977 SF) |
| Status | Sold |
| Lead Brokers | Vincent Aicale Executive Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Managing Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Michael T. Yuras, CCIM Vice Chairman 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
NEW 15-YEAR ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES TO STRONG RETAIL TENANT
» New 15-year absolute NNN lease with 10% rental increases in primary term and options, providing a hedge against inflation
» No landlord obligations to maintain the land or building, offering a ‘hands off’ investment, ideal for passive or out-of-area investors
HIGH-TRAFFIC LOCATION IN DENSELY POPULATED AND AFFLUENT AREA
» Located just off the signalized hard corner of Highway 61 and Coursey Boulevard, with excellent visibility and access to 63,999 vehicles per day directly in front of the property
» 194,196 residents within a five-mile radius of the property
» Central location in affluent area, with an average household income of $91,224 within a three-mile radius of the site
CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Central location near Baton Rouge International School, Westminster Elementary School and Dunham School (combined 1,432 students), increasing lunch-time traffic to the site
» Surrounded by high-density single-family housing developments
» Surrounded by major national retailers including The Home Depot, Costco, Regions Bank, Waffle House, T-Mobile, National Tire & Battery, Exxon, McDonald’s, and many others
END OF 2021 CONSTRUCTION
» End of 2021 construction featuring a dedicated drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs
Property Description
SOLD
The property is strategically located just off the signalized hard corner of Airline Highway and Coursey Boulevard with 63,999 vehicles per day directly in front of the property, with a second access point on Cedarcrest Avenue . The subject property is located next to a high-performing Home Depot and just down the street from a Costco, promoting crossover shopping. The surrounding area is affluent and densely populated with 194,196 residents and an average household income over $92,464 within five miles of the property.
The subject property is centrally located in a strong retail corridor on a high-traffic thoroughfare close to major highways and interstates. The surrounding area is occupied by many single and multi-family homes and apartments, all with easy access to the location. There are many schools within a two-mile radius including Baton Rouge International School, Westminster Elementary School and Dunham School (combined 1,432 students).
