El Pollo Loco | New 20yr Corp Abs NNN | DrThr | 35926 Winchester Rd
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El Pollo Loco | New 20yr Corp Abs NNN | DrThr 35926 Winchester Rd
3,500 SF Retail Building Winchester, CA 92596 $2,771,000 ($792/SF) 4.50% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Corporate Signed | Scheduled Rental Increases | Brand New Construction
- Winchester Road (28,500 VPD) | Drive-Thru Equipped
- Direct Residential Consumer Base | Six Figure Incomes | Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Outparcel to French Valley Marketplace | Retail Corridor |Strong National/Credit Tenant Presence
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, drive-thru equipped, freestanding El Pollo Loco investment property located in French Valley, CA. The tenant, El Pollo Loco, Inc., recently signed a brand new 20-year lease with 2 (5-year) options to extend and 1 (4.5-year) option, demonstrating their commitment to the site. The lease features an approximate 10% rental increase in years 11 and 16 of the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate signed and absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The building features state-of-the-art, brand new construction with modern amenities and design. The property recently had their grand opening on January 1st, 2025, with rent commencing on that date as well.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,500 SF
Building Class
B
Year Built
2024
Price
$2,771,000
Price Per SF
$792
Cap Rate
4.50%
NOI
$124,695
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.94 AC
Parking
34 Spaces (9.71 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Drive Thru
Nearby Major Retailers
1 of 6
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El Pollo Loco | New 20yr Corp Abs NNN | DrThr | 35926 Winchester Rd
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