El Pollo Loco Corp GL | Long Term Lease | TX 390 S Mason Rd 3,076 SF Retail Building Katy, TX 77450 $1,936,000 ($629.39/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- LONG TERM ABSOLUTE NNN GROUND LEASE
- HIGH TRAFFIC – 45,849 CPD
- DENSELY POPULATED – 295K PEOPLE IN 5-MILE RADIUS
- PAD AT SIGNALIZED INTERSECTION OFF INTERSTATE 10
- MAJOR RETAIL CORRIDOR SURROUNDED BY SEVERAL NATIONALS
EXECUTIVE SUMMARY
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 Terms
STRONG 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 employees
LOW 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 lease
COVID-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
• 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 Terms
STRONG 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 employees
LOW 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 lease
COVID-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 FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,076 SF
Building Class
B
Year Built
2014
Price
$1,936,000
Price Per SF
$629.39
Cap Rate
5%
NOI
$96,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.56 AC
Parking
26 Spaces (8.45 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- El Pollo Loco
- Accommodation and Food Services
- 3,076 SF
- -
- Triple Net
- Jan 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| El Pollo Loco | Accommodation and Food Services | 3,076 SF | - | Triple Net | Jan 2035 |
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1071210000024 | Improvements Assessment | $1,190,158 |
| Land Assessment | $608,750 | Total Assessment | $1,798,908 |
