7900 DENTON HWY Watauga TX 76148-2412

J2 Capital is pleased to offer for sale, a single tenant quick service restaurant ground leased to El Pollo Loco. The property is listed for $3,267,000, at a 5.0% cap rate on in-place NOI. El Pollo Loco Inc. ground leased the property in April 2017 for 20 years and then constructed their new prototype building. There are 14.5 years remaining on the main term. The building was brand new in 2017.

The Subject property sits on a signalized corner, with frontage on Denton Highway. Denton Highway is one of the corridors leading to downtown Fort Worth. Denton Highway and New Bursey Road has a daily traffic count of 37,473. Directly next to the subject property is a Target anchored shopping center. Other surrounding retailers include Whataburger, Home Depot, and Chick-fil-A. Directly across the street from the subject property is Hillwood Middle School and Parkwood Hill Intermediate School.

EL POLLO LOCO CORPORATE LEASE - El Pollo Loco is a publicly traded quick service restaurant company headquartered in Costa Mesa, California. They have grown to roughly 500 restaurants across the southwest United States. Nasdaq Ticker: $LOCO

ATTRACTIVE RETAIL POSITIONING - The property is located adjacent to strong, national tenants such as The Home Depot, Target, Walmart, Staples, Chick-fil-A, Burger King, Chili’s, Wendy’s, Panda Express, Panera Bread, Whataburger, Chipotle, and Wells Fargo. There are three schools within a 1-mile radius, with two schools located directly across the street. Denton Hwy receives over 30,000 VPD, ideal for Drive Thru tenants such as El Pollo Loco.

LONG TERM LEASE - 14.5 Years Remaining in the Main Term on a Corporate Lease.

NNN GROUND LEASE- Zero Landlord Responsibilities.

NEW CONSTRUCTION/BUILT TO SUIT- Built in 2017, this restaurant is a new prototype for El Pollo Loco.

- Attractive Brick Veneer

- 35 Parking Spaces

- Ingress and Egress on Denton Highway and North Park Drive