Restaurant

Pollo Tropical NNN Lease Orlando MSA

489 FL-436, Altamonte Springs, FL 32714

Listing Price: $3,674,926

Cap Rate
4.75%
Tenant Name
Pollo Tropical
Years Remaining On Lease
12.90
Gross SF
3,458
Guarantor
Corporate Guarantee
Rentable SF
3,458
Price/Gross SF
$1,062.73
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.48

Investment Overview

Marcus & Millichap is pleased to present for sale this Pollo Tropical
fast- food restaurant located at 489 State Road 436 in Altamonte
Springs (Orlando MSA), Florida. Altamonte Springs is a suburb
minutes away from downtown Orlando and major employment
hubs such as Maitland Center and Lake Mary. This property is
located only nine minutes from Advent Health Hospital, a 398-
bed hospital serving over 200,000 patients a year including
84,000 emergency patients, 23,000 patients, 2,500 baby
deliveries, 12,000 surgeries and 98,171 outpatient procedures.
Also only 12 minutes away is Orlando Health South Seminole
Hospital, a 206-full service medical/surgical hospital serving the
community for over 35 years. Located a short six minutes away is
Troy University with over 12,995 students and 10 minutes away
is Everglades University with 1,498 students and 350 staff. Los
Altos Apartment Community is a modern community with over
516 apartment units and only five minutes from this property.
Retailers in the immediate area include Best Buy, Home Depot,
Walgreens and the United States Postal Service.
Altamonte Springs is a suburban city in Seminole County, Florida
with a population exceeding 41,496. This suburb belongs to the
Orlando-Kissimmee-Sanford Metropolitan Area with a population
exceeding 2,054,574. Orlando International Airport is only 30
minutes south of Altamonte Springs and Orlando Sanford
International is only 25 minutes north.
Pollo Tropical is a growing fast- food restaurant founded in 1988
by two brothers from Miami, Larry and Stuart Harris. Its unique
strategy of grilling the marinated chicken in the customers
view with no prepackaged or precooked menu items resounded
favorably with customers and grew to open 19 locations all in
that year. In 1998, Pollo Tropical was sold to Carrols restaurant
Group which is Burger Kings largest franchisee and rapid
expansion continued with 69 company-owned stores and
numerous franchisees in Latin America and the Caribbean.
Today, Pollo Tropical is a subsidiary of Fiesta Restaurant group,
Inc. which was spun off from Carrolls Restaurant Group in
2012. Fiesta owns and operates Pollo Tropical and Taco Cabana
restaurant brands, with headquarters in the Doral area of Miami.
The company currently owns and operates more than 140
locations throughout Florida, plus 5 licensed restaurants on
college campuses and 32 franchised locations in the Caribbean,
Central America, South America and Puerto Rico.

Investment Highlights

  • Pollo Tropical Corporate Guaranteed Absolute NNN Lease
  • Long Term Lease with 10% Increases in Rent every 5 Yearsin the base term and options
  • Large 3,458 Square Foot Restaurant with Drive Thru on a Large 1.14 Acres of Lan
  • Excellent Exposure on State Road 436 with more than 54,000 Vehicles Per Day
  • Pollo Tropical is considered an Essential Tenant
  • Florida is a No Income Tax State

Exclusively Listed By

Restaurant

Pollo Tropical NNN Lease Orlando MSA

Listing Price: $3,674,926

Cap Rate
4.75%
Tenant Name
Pollo Tropical
Years Remaining On Lease
12.90
Gross SF
3,458
Guarantor
Corporate Guarantee
Rentable SF
3,458
Price/Gross SF
$1,062.73
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.48

Investment Highlights

  • Pollo Tropical Corporate Guaranteed Absolute NNN Lease
  • Long Term Lease with 10% Increases in Rent every 5 Yearsin the base term and options
  • Large 3,458 Square Foot Restaurant with Drive Thru on a Large 1.14 Acres of Lan
  • Excellent Exposure on State Road 436 with more than 54,000 Vehicles Per Day
  • Pollo Tropical is considered an Essential Tenant
  • Florida is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present for sale this Pollo Tropical
fast- food restaurant located at 489 State Road 436 in Altamonte
Springs (Orlando MSA), Florida. Altamonte Springs is a suburb
minutes away from downtown Orlando and major employment
hubs such as Maitland Center and Lake Mary. This property is
located only nine minutes from Advent Health Hospital, a 398-
bed hospital serving over 200,000 patients a year including
84,000 emergency patients, 23,000 patients, 2,500 baby
deliveries, 12,000 surgeries and 98,171 outpatient procedures.
Also only 12 minutes away is Orlando Health South Seminole
Hospital, a 206-full service medical/surgical hospital serving the
community for over 35 years. Located a short six minutes away is
Troy University with over 12,995 students and 10 minutes away
is Everglades University with 1,498 students and 350 staff. Los
Altos Apartment Community is a modern community with over
516 apartment units and only five minutes from this property.
Retailers in the immediate area include Best Buy, Home Depot,
Walgreens and the United States Postal Service.
Altamonte Springs is a suburban city in Seminole County, Florida
with a population exceeding 41,496. This suburb belongs to the
Orlando-Kissimmee-Sanford Metropolitan Area with a population
exceeding 2,054,574. Orlando International Airport is only 30
minutes south of Altamonte Springs and Orlando Sanford
International is only 25 minutes north.
Pollo Tropical is a growing fast- food restaurant founded in 1988
by two brothers from Miami, Larry and Stuart Harris. Its unique
strategy of grilling the marinated chicken in the customers
view with no prepackaged or precooked menu items resounded
favorably with customers and grew to open 19 locations all in
that year. In 1998, Pollo Tropical was sold to Carrols restaurant
Group which is Burger Kings largest franchisee and rapid
expansion continued with 69 company-owned stores and
numerous franchisees in Latin America and the Caribbean.
Today, Pollo Tropical is a subsidiary of Fiesta Restaurant group,
Inc. which was spun off from Carrolls Restaurant Group in
2012. Fiesta owns and operates Pollo Tropical and Taco Cabana
restaurant brands, with headquarters in the Doral area of Miami.
The company currently owns and operates more than 140
locations throughout Florida, plus 5 licensed restaurants on
college campuses and 32 franchised locations in the Caribbean,
Central America, South America and Puerto Rico.

Exclusively Listed By

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