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Restaurant

Pollo Campero | 15 Year Absolute Net Lease | Infill Austin | New Construction | Global QSR Chain

166 W Slaughter Ln, Austin, TX 78748

Listing Price: $3,523,810

Cap Rate
5.25%
Tenant Name
Pollo Campero
Years Remaining On Lease
14.9
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$1,409.52
Lease Type
NNN Ground Lease
Rent Per Square Feet
$74.00

Investment Overview

Austin is the capital city of the U.S. state of Texas, as well as the seat and largest city of Travis County, with portions extending into Hays and Williamson counties. Incorporated on December 27, 1839, it is the 11th-most populous city in the United States, the fourth-most-populous city in Texas, and the second-most-populous state capital city (after Phoenix, Arizona). It has been one of the fastest growing large cities in the United States since 2010. Austin is the southernmost state capital in the contiguous United States and is considered a “Beta -” global city as categorized by the Globalization and World Cities Research Network. Emerging from a strong economic focus on government and education, since the 1990s Austin has become a center for technology and business. A number of Fortune 500 companies have headquarters or regional offices in Austin, including 3M, Advanced Micro Devices (AMD), Amazon, Apple, Facebook, NXP semiconductors, Google, IBM, Intel, Oracle, Texas Instruments, and Whole Foods Market. Dell’s worldwide headquarters is located in the nearby suburb of Round Rock. With regard to education, Austin is the home of the University of Texas at Austin, which is one of the largest universities in the U.S. and is attended by over 50,000 students.

Investment Highlights

  • 15 Year Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New Construction Featuring a Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access & Excellent Visibility near a Signalized Intersection w/ Daily Combined Traffic Counts Exceeding 41k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $95k and 233k+ People Residing within a 5-Mile Radius.
  • Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ's, Business Parks, Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.
  • Minutes from Austin-Bergstrom International Airport - third busiest in Texas, after Dallas/Fort Worth and Houston–Intercontinental, as well as the 28th busiest airport in the United States.
  • Directly Across Southpark Meadows - a 1M+ Sq.Ft. Shopping Center anchored by Walmart, Super Target, Petsmart, Ulta Beauty, Old Navy, Party City, Marshalls, Hobby Lobby, Ross, Best Buy, Office Max and more.
  • The Site Benefits from its Close Proximity to Downtown Austin - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction. Austin Currently Ranks as the Fastest Growing Metro out of the 50 Largest U.S. Metros, and has an Unemployment Rate of 3.5%. The City also has become a Center for Technology and Business.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Restaurant

Pollo Campero | 15 Year Absolute Net Lease | Infill Austin | New Construction | Global QSR Chain

Listing Price: $3,523,810

Cap Rate
5.25%
Tenant Name
Pollo Campero
Years Remaining On Lease
14.9
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$1,409.52
Lease Type
NNN Ground Lease
Rent Per Square Feet
$74.00

Investment Highlights

  • 15 Year Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New Construction Featuring a Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access & Excellent Visibility near a Signalized Intersection w/ Daily Combined Traffic Counts Exceeding 41k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $95k and 233k+ People Residing within a 5-Mile Radius.
  • Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ's, Business Parks, Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.
  • Minutes from Austin-Bergstrom International Airport - third busiest in Texas, after Dallas/Fort Worth and Houston–Intercontinental, as well as the 28th busiest airport in the United States.
  • Directly Across Southpark Meadows - a 1M+ Sq.Ft. Shopping Center anchored by Walmart, Super Target, Petsmart, Ulta Beauty, Old Navy, Party City, Marshalls, Hobby Lobby, Ross, Best Buy, Office Max and more.
  • The Site Benefits from its Close Proximity to Downtown Austin - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction. Austin Currently Ranks as the Fastest Growing Metro out of the 50 Largest U.S. Metros, and has an Unemployment Rate of 3.5%. The City also has become a Center for Technology and Business.

Investment Overview

Austin is the capital city of the U.S. state of Texas, as well as the seat and largest city of Travis County, with portions extending into Hays and Williamson counties. Incorporated on December 27, 1839, it is the 11th-most populous city in the United States, the fourth-most-populous city in Texas, and the second-most-populous state capital city (after Phoenix, Arizona). It has been one of the fastest growing large cities in the United States since 2010. Austin is the southernmost state capital in the contiguous United States and is considered a “Beta -” global city as categorized by the Globalization and World Cities Research Network. Emerging from a strong economic focus on government and education, since the 1990s Austin has become a center for technology and business. A number of Fortune 500 companies have headquarters or regional offices in Austin, including 3M, Advanced Micro Devices (AMD), Amazon, Apple, Facebook, NXP semiconductors, Google, IBM, Intel, Oracle, Texas Instruments, and Whole Foods Market. Dell’s worldwide headquarters is located in the nearby suburb of Round Rock. With regard to education, Austin is the home of the University of Texas at Austin, which is one of the largest universities in the U.S. and is attended by over 50,000 students.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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