About This Restaurant
Investment Highlights
IMMEDIATE 10% RENT INCREASE IN FEBRUARY 2025 PAD AT SIGNALIZED INTERSECTION OFF INTERSTATE 10 MAJOR RETAIL CORRIDOR SURROUNDED BY SEVERAL NATIONALS LONG TERM ABSOLUTE NNN GROUND LEASE HIGH TRAFFIC ? 45,849 CPD DENSELY POPULATED ? 295K PEOPLE IN 5-MILE RADIUS
Executive Summary
IMMEDIATE RENT INCREASE LESS THAN ONE YEAR FROM CLOSING? An investor will receive an immediate 10% bump in rent less than one year from the close of escrow on 2/1/2025 ATTRACTIVE LONG TERM CORPORATE ABSOLUTE NNN GROUND LEASE? Over 10 years remaining on the absolute NNN lease providing any investor long term passive NNN income? Completely passive NNN investment ? ZERO landlord responsibilities? Attractive 10% increases every 5 years in the Primary and Option TermsSTRONG PUBLICLY TRADED TENANT ? EL POLLO LOCO INC.? $455 million in Revenue (FY 2021)? $24.747 million (FY 2020)? Nearly 500 U.S. locations with over 5,000 employeesLOW GROUND RENT PROVIDING TREMENDOUS SECURITY ? El Pollo Loco is paying low, replaceable, ground rent providing additional security to any investor? Ground lease structure creates further security to any investor, inheriting the building and improvements upon the expiration of the ground leaseCOVID-19 AND ECOMMERCE RESISTANT BUSINESS ? Fast food drive thru buildings were one of the few Essential Services that were allowed to remain open for business throughout the pandemic
Property Details
- Sale Type Investment NNN
- Sale Conditions 1031 Exchange 1031 Exchange Ground Lease (Leased Fee) 1031 Exchange
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
- Building Size 3,076
- Year Built 2014
- Price 2,023,000
- Price Per SF 658
- Cap Rate 4.35
- NOI 88,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.13
- Land Acres 0.56 AC
Nearby Amenities & Transportation
Retail | Caribou Coffee | ||
Retail | WW | ||
Retail | Jason's Deli | ||
Retail | Freebirds World Burrito | ||
Retail | Frost Bank | ||
Retail | Chili's | ||
Retail | Saltgrass Steak House | ||
Retail | Babin's Seafood House | ||
Retail | Rudy's "Country Store" & Bar-B-Q | ||
Retail | Landry's Seafood House |
Date Created: | 2024-07-16 04:23:40 | Last Updated: | 2024-07-16 04:23:40 |
Address: | 390 S Mason Rd , Katy, Texas, 77450 |