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El Pollo Loco, Irving, TX

El Pollo Loco

TX, United States

Price $1,850,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type
Rental Increases 10% Rental Increases Every 5 Years
Year Built 2017
Building Size 3,000 sq. ft.
Lot Size 0.93 Acres (40,578 SF)
Status Sold
Lead Broker Information Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.228.9114
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

LONG-TERM ABSOLUTE NNN GROUND LEASE
» Brand 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-state investors

INFILL DALLAS/FORT WORTH MSA LOCATION
» Located just off of the heavily trafficked Airport Freeway – 165,205 AADT
» Dense infill location with a population of over 19,000 and 235,000 within a 1-mile and 5-mile radius respectively
» Hard corner location in dense retail corridor – nearby tenants include Walmart Supercenter, AMC Theatres, Macy’s, Dillard’s, Target, Lowe’s, and Home Depot
» Near major employment centers – approximately 165,000 daytime employees within a 5-mile radius
» Close proximity to Dallas/Fort Worth International Airport, the busiest airport in Texas, serving over 64 million passengers annually

BRAND NEW 2017 CONSTRUCTION
» Brand new 2017 construction featuring latest El Pollo Loco prototype
» Features a dedicated drive-thru, providing additional convenience to customers and boosting sales revenue
» Built by tenant and tenant’s expense, demonstrating long-term commitment to the location
» Adjacent to one of the highest-grossing Walmart Supercenters in Texas with cross-access between parking lots

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located at the hard corner of West Airport Freeway and Estrada Parkway, with excellent access and visibility to 13,475 vehicles per day along West Airport Freeway. The property is located just off of the heavily-trafficked Airport Freeway, which experiences a traffic count of 165,205 vehicles per day near the site. Located in a dense retail corridor, the property is adjacent to one of the highest-grossing Walmart Supercenters in Texas, and is surrounded by several large retail centers featuring major national tenants, including Lowe’s, AMC Theatres, Best Buy, Ross, and Honda. Irving Mall is directly across from the site. The mall features over one million square feet of retail area and is anchored by Dillard’s, Macy’s, Sears, and Burlington Coat Factory.

Dallas/Fort Worth International Airport is less than 5 miles from the property. The airport is one of the busiest in the world and served over 64 million passengers in 2015. Additionally, downtown Dallas is approximately 15 miles from the site. The property benefits from its central location within a densely-populated area; nearly 236,000 people live within a 5-mile radius of the site, providing a large customer base for El Pollo Loco.

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