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El Pollo Loco Ground Lease, Grand Prairie, TX

El Pollo Loco Ground Lease

TX, United States

Price $2,070,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type
Rental Increases 10% Rental Increases Every 5 Years
Year Built 2016
Building Size 3,000 SF
Lot Size 1.05 Acres (45,643 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Investment Highlights

LONG-TERM ABSOLUTE NNN GROUND LEASE
» New 15-year NNN ground lease with 10% rental increases in primary term and options, providing a hedge against inflation
» No landlord obligations to maintain the land or building, offering a ‘hands off’ investment, ideal for passive or out-of-area investors

INFILL DALLAS/FORT WORTH MSA LOCATION
» Located on heavily trafficked Highway 360 (154,260 AADT), with freewayvisible signage
» 230,676 residents live and nearly 150,000 daytime employees work within a five-mile radius, providing a large customer base
» Close proximity to large employers, including American Airline’s new corporate headquarters, expected to have over 7,000 employees by 2019
» Near major tourist attractions, including AT&T Stadium, home of the Dallas Cowboys, and Six Flags Over Texas, with 3 million visitors per year
» Minutes from Dallas/Fort Worth International Airport, the busiest airport in Texas, serving over 65.6 million passengers annually

NEW 2016 CONSTRUCTION
» New 2016 construction featuring a dedicated drive-thru, providing additional convenience to customers and boosting sales revenue
» Built by tenant at tenant’s expense, demonstrating long-term commitment to the location


Property Description

SOLD

The property is conveniently located just off the signalized intersection of North Highway 360 and Northeast Green Oaks Boulevard, with excellent visibility and access to a combined traffic count of 50,623 vehicles per day. The property is highly visible from, and benefits from immediate access to, Highway 360, which has an extremely high traffic count of 154,260 vehicles per day. Centrally located within a strong retail trade corridor, the property is close to many national retailers, including 7-Eleven, O’Reilly Auto Parts, Family Dollar, McDonald’s, AutoZone, and many others. The property is also surrounded by dense residential neighborhoods and new developments, including Viridian, a 2,300-acre community with 4,100 planned residences. Over 230,600 people live within a five-mile radius of the property, providing a large customer base for El Pollo Loco.

Additionally, the property is near a number of important locations, which will drive traffic to the property. The property is directly adjacent to Grand Prairie’s large industrial region, which is home to the operations of several of the area’s largest employers. The property is also just south of American Airline’s new corporate headquarters; American Airlines, which is the world’s largest airline, is also the largest employer in the Dallas/Fort Worth MSA. In total, nearly 150,000 daytime employees work within a five-mile radius of the property. Other important locations near the property include DFW International Airport, which serves over 65.6 million passengers annually; AT&T Stadium, home of the Dallas Cowboys; and Six Flags Over Texas and Six Flags Hurricane Harbor, with millions of visitors per year.

Contact Us About This Property

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