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Restaurant

Grill Pollo 20 Year NNN Lease 2% Annual Increases

1815 N 1st St, Jacksonville, AR 72076

Listing Price: $2,833,333

Cap Rate
6.00%
Tenant Name
Grill Pollo
Years Remaining On Lease
19.4
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Lease Type
Absolute Net
Rent Per Square Feet
$56.67

Investment Overview

Marcus & Millichap is pleased to present for sale this freestanding, singletenant Grill Pollo located at 1815 North 1st Street in Jacksonville, AR. Jacksonville is a city in Pulaski County and a suburb of Little Rock, AR. The fee simple lease is backed by a corporate guarantor with five Grill Pollo locations with plans to add an additional 20+ locations in 2023 and 85 gas stations with 25+ more in the pipeline. This location will have a 20-year lease with annual two percent increases in rent every five years and four, five-year options to extend. This is an ideal passive investment opportunity with zero landlord responsibilities being offered at a 6 percent capitalization rate. The subject property consists of a 3,000 square foot restaurant with ample parking on a 0.74-acre parcel. The property is strategically located only four miles from the Little Rock Air Force Base with 5,986 military personnel living on or off base and an additional 604 civil service employees. Of the 6,590 personnel, 32 percent live in Jacksonville. The Air Force Base is the fourth largest employer in the state of Arkansas with a local economic impact of $596.5 million as of 2018. The property is less than two miles from the Jacksonville High School (Enrollment: 1,063 students). Grill Pollo is also located across the street from a Walmart Supercenter with other national and regional retailers including Lowe’s Home Improvement, McDonald’s, Taco Bell, Kroger, Harbor Freight Tools, AutoZone among many others in the local area. The property benefits from the 40,002 residents and an average household income $60,081 within a 5-mile radius. Grill Pollo is an emerging fast-casual Latin American restaurant chain based in Little Rock, Arkansas. Grill Pollo differentiates from its competition by grilling their chicken, a healthy alternative to fried chicken without sacrificing the convenience of traditional fast-food restaurants. Each site has undergone extensive remodeling to create a fresh, clean, comfortable environment for customers to enjoy their dining experience.

Investment Highlights

  • 20 Year Absolute NNN Lease | Zero Landlord Responsibilities
  • 2016 Construction with Recent Remodel
  • Attractive Rent Growth | 2% Annual Increases | Blended Cap Rate of 6.99% Over Base Term of Lease
  • Less Than Four Miles from Little Rock Air Force Base
  • Drive-Thru on Site

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Financing By

Restaurant

Grill Pollo 20 Year NNN Lease 2% Annual Increases

Listing Price: $2,833,333

Cap Rate
6.00%
Tenant Name
Grill Pollo
Years Remaining On Lease
19.4
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Lease Type
Absolute Net
Rent Per Square Feet
$56.67

Investment Highlights

  • 20 Year Absolute NNN Lease | Zero Landlord Responsibilities
  • 2016 Construction with Recent Remodel
  • Attractive Rent Growth | 2% Annual Increases | Blended Cap Rate of 6.99% Over Base Term of Lease
  • Less Than Four Miles from Little Rock Air Force Base
  • Drive-Thru on Site

Investment Overview

Marcus & Millichap is pleased to present for sale this freestanding, singletenant Grill Pollo located at 1815 North 1st Street in Jacksonville, AR. Jacksonville is a city in Pulaski County and a suburb of Little Rock, AR. The fee simple lease is backed by a corporate guarantor with five Grill Pollo locations with plans to add an additional 20+ locations in 2023 and 85 gas stations with 25+ more in the pipeline. This location will have a 20-year lease with annual two percent increases in rent every five years and four, five-year options to extend. This is an ideal passive investment opportunity with zero landlord responsibilities being offered at a 6 percent capitalization rate. The subject property consists of a 3,000 square foot restaurant with ample parking on a 0.74-acre parcel. The property is strategically located only four miles from the Little Rock Air Force Base with 5,986 military personnel living on or off base and an additional 604 civil service employees. Of the 6,590 personnel, 32 percent live in Jacksonville. The Air Force Base is the fourth largest employer in the state of Arkansas with a local economic impact of $596.5 million as of 2018. The property is less than two miles from the Jacksonville High School (Enrollment: 1,063 students). Grill Pollo is also located across the street from a Walmart Supercenter with other national and regional retailers including Lowe’s Home Improvement, McDonald’s, Taco Bell, Kroger, Harbor Freight Tools, AutoZone among many others in the local area. The property benefits from the 40,002 residents and an average household income $60,081 within a 5-mile radius. Grill Pollo is an emerging fast-casual Latin American restaurant chain based in Little Rock, Arkansas. Grill Pollo differentiates from its competition by grilling their chicken, a healthy alternative to fried chicken without sacrificing the convenience of traditional fast-food restaurants. Each site has undergone extensive remodeling to create a fresh, clean, comfortable environment for customers to enjoy their dining experience.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

Financing By

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