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Pollo Tropical, Tucker, GA

Pollo Tropical

GA, USA

Price $2,200,000
Cap Rate
NOI
Lease Term 20 Years
Lease Type
Rental Increases Rental increases of 10% every 5 years
Year Built 2016
Building Size 3,548 sq. ft.
Lot Size 0.66 Acres (28,749 sq. ft.)
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, CORPORATE GUARANTEED GROUND LEASE
» Guaranteed by Fiesta Restaurant Group, Inc. for 20 years (NASDAQ: “FRGI”)
» 10% rental increases every 5 years in primary term and option periods
» Fixed rental increases offer a hedge against inflation

NEW CONSTRUCTION FEATURING LATEST POLLO TROPICAL PROTOTYPE
» Building was built by Tenant at Tenant’s expense, demonstrating their long-term commitment to the location
» Latest Pollo Tropical “Big Blue” design
» Features a dedicated drive-thru, providing additional convenience to customers and increasing sales revenue

TARGET OUTPARCEL LOCATION IN DENSE RETAIL CORRIDOR NEAR MAJOR DEVELOPMENT SITES
» Excellent visibility and access to over 48,090 vehicles per day at intersection
» Just off of Interstate 285, with a traffic count of 201,581 AADT
» Near major retail centers including Northlake Mall, with 962,000 square feet of retail area
» Close proximity to new developments including a new apartment complex and the 200,000 SF Tucker Merdian Shopping Center

ATLANTA MSA LOCATION WITH ROBUST DEMOGRAPHICS
» Population of 268,686 within a five-mile radius
» Metro Atlanta is the most populous metro area in Georgia and the ninth-largest MSA in the United States


Property Description

SOLD

The property is located at the intersection of Northlake Parkway and Lavista Road and is an outparcel to a busy Target. The site is located in a high-traffic area, with an average of 48,090 vehicle per day directly in front of the site. Additionally, the property is located just off of Interstate 285, one of the most heavily traveled roadways in the U.S., with a daily traffic count of 201,500. This property is located in a dense corridor, which includes Northlake Mall, which features 962,000 square feet of retail area, over 100 stores, and is anchored by JCPenney, Macy’s, Sears, and Kohl’s. Other notable retailers in the area include Best Buy, PetSmart, L.A. Fitness, Michaels, and T.J. Maxx. Due to its proximity to DeKalb Peachtree Airport, Georgia’s second busiest airport, the site is also surrounded by a number of hotels, including Days Inn & Suites, Courtyard by Marriott, and DoubleTree by Hilton.

The area around the property is undergoing major redevelopment. Across the freeway from the site is Green Park Apartments, a new housing development featuring studio, one, and two bedroom apartment homes and two and three bedroom townhomes on a beautiful three-acre park. The development will include amenities such as a resort-class saltwater swimming pool, an outdoor pavilion with a grill and fire pit, and a 24-hour fitness center. Another new development, The Meridian at Tucker, is across from the property on Lavista Road. The Meridian at Tucker will be a 200,000 square foot retail center, anchored by Dick’s Sporting Goods, DSW, Ross Dress for Less, and Hobby Lobby and tenanted by Mattress Firm, Jimmy John’s, VIP Nails, and Einstein Bros Bagels.

Contact Us About This Property

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