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Restaurant

Pollo Tropical Very Strong Sales

2657 N University Dr, Sunrise, FL 33322

Listing Price: $3,453,615

Cap Rate
4.15%
Tenant Name
Pollo Tropical
Years Remaining On Lease
10.1
Guarantor
Corporate Guarantee
Rentable SF
3,239
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.25

Investment Overview

Marcus & Millichap is pleased to present this, Corporate Guaranteed, Pollo Tropical Quick Service Restaurant located at 2675 University Drive, Sunrise, Florida. The subject property consists of a 3,239 square foot restaurant with a drive-thru window and ample parking on a .76 Acre Parcel of Land. Strategically located in Sunrise, FL on University Drive, the property benefits from great visibility and traffic counts in excess of 58,000 vehicles per day. Ideally positioned 10 Miles from Downtown Fort Lauderdale, the subject property is located within the Miami MSA, which has an estimated population in excess of 6.15 Million people, and is nearly adjacent to a Home Depot. Perfectly situated less than six miles from Sawgrass Mills Mall, the 11th Largest Mall in the United States, this Pollo Tropical has a direct consumer base from which to draw. The Subject Property is surrounded by an Impressive Roster of National Retailers including, but not limited to, Walmart, Walgreens, Home Depot, and BB&T Stadium, which is the Fourth Largest arena in the nation and serves as the Home to the NHL Florida Panthers. Pollo Tropical Corporate originally executed a 20-year Lease and has been operating on-site for more than 20 years. The Tenant recently exercised two of their renewal options, showing strong commitment to the site. This QSR is Calculatedly positioned in the heavily Traveled City of Sunrise, which is a well-populated with an Average Household Income north of $68,000 and a population greater than 193,000 within a three-mile radius. Fiesta Restaurant Group Inc. owns, operates, and franchises the Pollo Tropical® and Taco Cabana® restaurant brands. The brands specialize in the operation of fast-casual, ethnic restaurants that offer distinct flavors with broad appeal at a compelling value. Founded in 1988, the Miami-based company currently owns and operates more than 160 locations in Florida, Georgia, Tennessee and Texas, plus six licensed restaurants on college campuses and 35 franchised locations throughout the Caribbean, Central America, South America and Puerto Rico. The chain has its headquarters in Kendall, Miami-Dade County, Florida. Fiesta common stock is traded on the NASDAQ Global Select Market under the symbol FRGI.

Investment Highlights

  • Absolute NNN Lease with Zero Landlord Responsibility
  • Corporate Guaranteed – (NASDAQ: FRGI)
  • Attractive Annual Rent Increases
  • Strong Store Sales
  • Less than 6 Miles from BB&T Arena | Strong Traffic Driver
  • Florida is a No Income Tax State

Exclusively Listed By

Financing By

Restaurant

Pollo Tropical Very Strong Sales

Listing Price: $3,453,615

Cap Rate
4.15%
Tenant Name
Pollo Tropical
Years Remaining On Lease
10.1
Guarantor
Corporate Guarantee
Rentable SF
3,239
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.25

Investment Highlights

  • Absolute NNN Lease with Zero Landlord Responsibility
  • Corporate Guaranteed – (NASDAQ: FRGI)
  • Attractive Annual Rent Increases
  • Strong Store Sales
  • Less than 6 Miles from BB&T Arena | Strong Traffic Driver
  • Florida is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present this, Corporate Guaranteed, Pollo Tropical Quick Service Restaurant located at 2675 University Drive, Sunrise, Florida. The subject property consists of a 3,239 square foot restaurant with a drive-thru window and ample parking on a .76 Acre Parcel of Land. Strategically located in Sunrise, FL on University Drive, the property benefits from great visibility and traffic counts in excess of 58,000 vehicles per day. Ideally positioned 10 Miles from Downtown Fort Lauderdale, the subject property is located within the Miami MSA, which has an estimated population in excess of 6.15 Million people, and is nearly adjacent to a Home Depot. Perfectly situated less than six miles from Sawgrass Mills Mall, the 11th Largest Mall in the United States, this Pollo Tropical has a direct consumer base from which to draw. The Subject Property is surrounded by an Impressive Roster of National Retailers including, but not limited to, Walmart, Walgreens, Home Depot, and BB&T Stadium, which is the Fourth Largest arena in the nation and serves as the Home to the NHL Florida Panthers. Pollo Tropical Corporate originally executed a 20-year Lease and has been operating on-site for more than 20 years. The Tenant recently exercised two of their renewal options, showing strong commitment to the site. This QSR is Calculatedly positioned in the heavily Traveled City of Sunrise, which is a well-populated with an Average Household Income north of $68,000 and a population greater than 193,000 within a three-mile radius. Fiesta Restaurant Group Inc. owns, operates, and franchises the Pollo Tropical® and Taco Cabana® restaurant brands. The brands specialize in the operation of fast-casual, ethnic restaurants that offer distinct flavors with broad appeal at a compelling value. Founded in 1988, the Miami-based company currently owns and operates more than 160 locations in Florida, Georgia, Tennessee and Texas, plus six licensed restaurants on college campuses and 35 franchised locations throughout the Caribbean, Central America, South America and Puerto Rico. The chain has its headquarters in Kendall, Miami-Dade County, Florida. Fiesta common stock is traded on the NASDAQ Global Select Market under the symbol FRGI.

Exclusively Listed By

Financing By

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