Property Details

Pollo Tropical

Plantation, FL
Property ID: 7540

Financial Summary

Asking Price $3,550,000
Cap Rate 4.50%
Net Operating Income (NOI) $160,000
Lease Type Ground Lease, NNN
Lease Term Remaining 20 Years
The Offering Memorandum for this property is no longer available.

Contact

Patrick R. Nutt
Managing Partner
703.787.4714

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Highlights

  • Brand new 20-year ground lease
  • Corporate guaranty from publicly traded entity Fiesta Brands (Nasdaq: FRGI)
  • Strong and established tenant (180+ locations)
  • Excellent location in densely populated area of Plantation with over 142,647 people within 3 miles
  • Dominant retail corridor in Broward County - Surrounded by 3M+ SF of retail
  • Located across from Plantation Walk - 700 apartment units and 360,000 SF of commercial space
  • Average HH income of $81,427 within 1 mile
  • Florida has no state income tax

Location

50 N University Drive
Plantation, FL

Traci BidingerPollo Tropical