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El Pollo Loco – Corporate Guaranty, Richardson, TX

El Pollo Loco – Corporate Guaranty

TX, United States

Price $2,898,000
Cap Rate
NOI
Lease Term 20 Years
Lease Type Absolute NNN Ground Lease, with Tenant Responsible for All Property-Related Costs and Obligations, Including Roof and Structure
Rental Increases 10% Rental Increases Every 5 Years
Year Built 2017
Building Size 2,660 SF
Lot Size 0.64 Acres (27,878 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

Investment Highlights

LONG-TERM ABSOLUTE NNN GROUND LEASE
» New 20-year NNN ground lease with 10% rental increases in primary term and options, providing a hedge against inflation
» Corporate guaranty (NASDAQ: “LOCO”)
» 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 at signalized intersection, with excellent visibility and access to 71,990 vehicles per day
» Outparcel to Richardson Square, anchored by Super Target, Lowe’s, Sears, and Ross
» Adjacent to the core of the Telecom Corridor, a technology business center with a high concentration of telecommunications companies, featuring over 25 million square feet of office space and accounting for over 130,000 jobs
» Minutes from Richland College, with 20,000 students, and The University of Texas at Dallas, with 26,797 students
» Within walking distance of Berkner High School, with 2,727 students
» 352,043 residents live and 246,940 daytime employees work within a fivemile radius, providing a large customer base
» Located in an affluent area, with a high average household income of $93,586 within a one-mile radius

NEW 2017 CONSTRUCTION
» New 2017 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

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located at the signalized hard corner of East Belt Line Road and South Plano Road, with excellent visibility and access to 71,990 vehicles per day. Located in a dense retail corridor, the property is outparcel to Richardson Square, a large retail plaza anchored by Super Target, Lowe’s, Sears, and Ross. The property is adjacent to several other shopping centers, tenanted by Staples, Burlington Coat Factory, Dollar Tree, Harbor Freight Tools, Aldi, LA Fitness, and more. Other notable retailers in the nearby area include Walmart Neighborhood Market, Home Depot, Big Lots, CVS, Dollar General, and Petco.

The property is centrally located in Richardson and benefits from a large customer base in the surrounding area. Berkner High School, with 2,727 students, is within walking distance of the property. Richland College, with 20,000 students, and The University of Texas at Dallas, with 26,797 students, are just minutes away by car. The property is also close to the core of the Telecom Corridor, a technology business center with a high concentration of telecommunications companies. The Telecom Corridor is a major employment center in the Dallas/Fort Worth area, containing over 25 million square feet of office space and accounting for over 130,000 jobs. As a result, 246,940 daytime employees work within a five-mile radius of the property. Wealthy residential neighborhoods also surround the property, with an average household income of $93,586 within a one-mile radius. Additionally, 352,043 residents with an average household income of $83,245 live within a five-mile radius, providing an excellent customer base for El Pollo Loco.

Contact Us About This Property

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