Restaurant

Pollo Tropical

1001 WP Ball Blvd, Sanford, FL 32771

Listing Price: $3,691,150

Cap Rate
5.30%
Tenant Name
Pollo Tropical
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
3,285
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$59.55

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pollo Tropical property located at 1001 W.P. Ball Boulevard in Sanford, Florida. Built in 2006, this property consists of approximately 3,285 square feet of building space and sits on 1.04 acres of land. This Pollo Tropical property has over 6 years remaining on an original 20-year triple-net (NNN) lease, which commenced on September 19th, 2007. The annual rent is $195,631 as of the September 2020 rental increase. The initial lease term expires on September 30th, 2027, and is then subject to four, five-year tenant renewal options. Pollo Tropical, a subsidiary of Fiesta Restaurant Group, Inc., is a Caribbean-inspired fast casual concept known for its fresh, flame-grilled chicken marinated in a proprietary blend of tropical fruit juices and spices. Other island favorites include Mojo Roast Pork and made-from-scratch sides including rice, beans, yuca with garlic sauce, sweet plantains and more. Menu items like the Tropical Citrus Chicken Salad, Guava BBQ Pork Sandwich and Create Your Own TropiChops® can be customized with 10 tropical sauces on Pollo Tropical's Saucing Island®.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease
  • 6+ Years Remaining on an Original 20 Year Lease
  • Four (4), Five (5)-Year Tenant Renewal Options

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Listing Price: $3,691,150

Cap Rate
5.30%
Tenant Name
Pollo Tropical
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
3,285
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$59.55

Investment Highlights

  • Absolute Triple-Net (NNN) Lease
  • 6+ Years Remaining on an Original 20 Year Lease
  • Four (4), Five (5)-Year Tenant Renewal Options

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pollo Tropical property located at 1001 W.P. Ball Boulevard in Sanford, Florida. Built in 2006, this property consists of approximately 3,285 square feet of building space and sits on 1.04 acres of land. This Pollo Tropical property has over 6 years remaining on an original 20-year triple-net (NNN) lease, which commenced on September 19th, 2007. The annual rent is $195,631 as of the September 2020 rental increase. The initial lease term expires on September 30th, 2027, and is then subject to four, five-year tenant renewal options. Pollo Tropical, a subsidiary of Fiesta Restaurant Group, Inc., is a Caribbean-inspired fast casual concept known for its fresh, flame-grilled chicken marinated in a proprietary blend of tropical fruit juices and spices. Other island favorites include Mojo Roast Pork and made-from-scratch sides including rice, beans, yuca with garlic sauce, sweet plantains and more. Menu items like the Tropical Citrus Chicken Salad, Guava BBQ Pork Sandwich and Create Your Own TropiChops® can be customized with 10 tropical sauces on Pollo Tropical's Saucing Island®.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

MM Texture Background
MM Textured Background Lower