Pollo Tropical Orlando

11860 E. Colonial Drive,
Orlando, FL 32826

Absolute Triple Net Lease

$1,799,000
Price
$86,118
NOI
4.79%
Cap Rate
$606
Price Per SF
2,967
Building SF
Single
Tenancy
$1,799,000
Price
$86,118
NOI
4.79%
Cap Rate
$606
Price Per SF
2,967
Building SF
Single
Tenancy

INVESTMENT HIGHLIGHTS

  • The tenant is in place 23 years at this location with excellent sales history.
  • 4 5-year renewal options remaining each with CPI increases every 5 years.
  • The current rent is well below market at $29/psf where rents are $40 to $50 psf. This helps ensure tenant renewal and provides significant long term potential upside.
  • Absolute NNN with tenant responsbile for everything. Zero expenses for the owner.
  • Pollo Tropical is a wholly owned subsidiary of Fiesta Restaurant Group, Inc. (NASQAQ: FRGI). There are currently 146 corporate (thirty one franchise locations) Pollo Tropical restaurants. Corporate owned stores generate average sales of $2.6 million.

LOCATIONAL ADVANTAGES

  • Excellent and proven high traffic location
  • Direct proximity to Publix and Walmart and many major retail national tenants
  • Excelllent Street Visibilty and Access
FOR MORE DETAILS CONTACT
Alex Adorno
Senior VP Capital Markets
(772) 985-2577
aadorno@theverusgroup.com
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