Best1Realty
Listed by Best1Realty
$2,930,000
El Pollo Loco
Details
APN 163-26-413-008
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,400
Net Rentable (SqFt) 2,400
Units 10
Cap Rate 4.50%
NOI $132,000
Occupancy 100%
Tenancy Single
Brand/Tenant El Pollo Loco
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 05/30/2040
Remaining Term 13.9
Rent Bumps Yes
Lease Options 4/5 year option
Pro-Forma Cap Rate 4.51%
Pro-Forma NOI $132,000
Price per SqFt $1,221
Class B
Year Built 2020
Year Renovated 2020
Acreage 0.830
Zoning General Commercial
Parking Spaces 10 per 1,000 sq ft
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 06/01/2020
Ground Lease Yes
Retail | 4.50% CAP | 2,400 SqFt
Marketing description
Corporate (El Pollo Loco NASDAQ: LOCO) Absolute NNN Ground Lease. No landlord responsibility. Located in NE corner of S. Rainbow and W. Russel. Highly visible Southwest retail corridor.
Investment highlights
- Corporate (El Pollo Loco NASDAQ: LOCO) Absolute NNN Ground Lease
- No landlord responsibility
- Primary 20 years. 4/5 year option. 14 plus years remaining
- 10% every 5 years including option period
- Located in NE corner of S. Rainbow and W. Russel
- Highly visible Southwest retail corridor
- Drive Thru: Yes
Listing Contacts
Best1Realty
Listed by Best1Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$132,000.00
$11,000.00/mo
Valuation Metrics
0
DSCR
4.51%
Cap Rate
4.51%
ROI
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