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Wednesday, June 21, 2017

Miami Pollo Tropical 20-Year Corporate NNN Lease

 

This Miami Retail Property is Off-Market. Contact us for similar Commercial Properties For Sale in Florida.

O’Reilly Commercial Realty LLC 
Patrick O’Reilly 
Phone: (352) 237-2222 
Email: OreillyCommercialRE@gmail.com
16201 SW 88th Street, Miami, FL 33196
Description of Florida Investment Property
Price: $4,223,000
Building Size: 2,714 SF
Price per SF: $1,556.01
Property Type: Retail
Property Sub-type: Free Standing Building
Additional Sub-types:
Restaurant
Retail (Other)
Retail Pad
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate: 4.50%
Tenancy: Single
Year Built: 1999
Lot Size: 0.56 AC

Highlights of Miami Investment Opportunity

  • 2,714+/- SF Building on .56+/- Acre Site
  • New 20-Yr Corp NNN Lease w/ 10% Rent Bumps Every 5-Yrs
  • Located along Southwest 88th St (48,000 VPD), just W of Ronald Ragan Turnpike
  • Outparcel to Kendall Park Plaza (88,304 SF) | 12-Miles W of Dadeland Mall (1,488,000 SF)
  • 3-Mile Radius: 2015 Estimated Population: 145,069 l 1-Mile Average Household Income: $73,151
  • Miami-Ft. Lauderdale - West Palm Beach MSA: Miami is Florida' s 2nd Populous City | Population: 5,564,635
Description of Florida Commercial Real Estate For Sale

Pollo Tropical®, a part of Fiesta Restaurant Group, Inc., owns and operates over 160+ locations in the United States (Florida, Georgia, Tennessee, and Texas). Within the United States, Pollo Tropical owns and operates all of its restaurants, with the exception of "institutional" locations such as airports and universities. Universities which have franchised locations include Florida International University, University of Florida, and Florida State University. Fiesta Restaurant Group, Inc., through its subsidiaries, owns and operates quick-casual restaurants under the Pollo Tropical and Taco Cabana brand names in the United States.  
These Florida commercial properties with Absolute NNN Lease are highly touted for a REIT or Institutional Investor.

The company's Pollo Tropical restaurants offer tropical and Caribbean inspired menu items, featuring grilled chicken marinated in proprietary blend of tropical fruit juices and spices. As of February 19, 2015 Fiesta Restaurant Group had revenues of $611.11 million for the 2014 fiscal year, a 10.8% increase from 2013. At this time company net income was $36.4 million, a 80.4% increase from 2013. Fiesta Restaurant Group does not guarantee lease. Pollo Tropical is strategically located along Southwest 88th St (48,000 Cars / Day) in southwest Miami. SW 88th St., also known as Kendall Drive is a major east-west thoroughfare that runs for 13.3 miles across Miami.

The road serves as a major arterial road through the southern suburbs of Miami, connecting residential neighborhoods to shopping districts and to three freeways. The subject property is a pad site to the Kendall Park Plaza. Pollo Tropical benefits from its immediate proximity to Walmart, Publix, LA Fitness, Home Depot, BJ' s Warehouse, PetSmart, CVS, Walgreens, Chase, Wells Fargo, Payless, AutoZone, Starbucks, McDonalds, and many more national retailers in addition to West Kendall Baptist Hospital.

Listing information courtesy of Trivanta. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, solely to identify potential properties for potential purchase.


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