Investment Summary
Price | $1,593,000 |
Cap Rate | |
NOI | |
Lease Term | 20 Years |
Lease Type | |
Rental Increases | 10% increases every five years |
Year Built | 2016 |
Building Size | 3,000 sq. ft. |
Lot Size | 0.909 Acres (39,596 SF) |
Status | Sold |
Lead Brokers | Michael T. Yuras, CCIM Executive Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 |
Investment Highlights
LONG TERM ABSOLUTE NNN GROUND LEASE/FEE SIMPLE
OWNERSHIP OF LAND
» Brand New 20-year NNN ground lease with 10% rental increases in primary term
and options
» Fixed rental increases offers hedge against inflation
» No landlord obligations to maintain the land or building offering an investor a
ïhands off’ investment making it ideal for passive or out-of-state investors
NEW CONSTRUCTION/LATEST EL POLLO LOCO PROTOTYPE
» Building was built by Tenant at Tenant’s expense demonstrating their long-term
commitment to the location
» Latest El Pollo Loco prototype Hacienda design
» The store features a dedicated drive-thru providing additional convenience to
customers
INFILL DALLAS/FT. WORTH MSA LOCATION
» Located just one block north of Airport Highway which boasts a traffic count over
205,000 AADT
» Dense infill locations with a population of over 17,000 and 234,000 within a onemile
and five-mile radius respectively
» Benefits from close proximity to Texas Health Harris Hospital, the Gene A. Buinger
Career & Technical Academy and several schools and retailers
» The Dallas/Ft. Worth MSA is the 4th largest metropolitan area in the United States
Click Here to Download Offering Memorandum
Property Description
SOLD
The subject property is located on Central Drive just off of Airport Freeway, which boasts an annual average daily traffic count of 205,000 vehicles near the site. Nationally recognized companies, such as Sonic Drive-In, 24 Hour Fitness, and Chili’s, are directly adjacent to the property. Across the street from the property is a shopping center featuring national retailers Kid to Kid, Applebee’s, MetroPCS, Starbucks, and McDonald’s. The property benefits from being surrounded by a number of hotels, apartments, school campuses, and the Texas Health Hospital’s 30-acre campus, all of which provide a strong customer base for this El Pollo Loco location.