This Retail Property is Off-Market.

1036 S. Country Club Drive
Mesa, AZ 85210 ·

3,060 SF · Retail For Sale

N/A

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El Pollo Loco- Absolute NNN Ground Lease

Price N/A No. Stories 1
Building Size 3,060 SF Tenancy Single
Property Type Retail Property on Ground Lease? Yes
Property Sub-type Free Standing Bldg Year Built 1998
Property Use Type Net Lease Investment with 5 years left on lease Lot Size 21,609 SF
Commission Split 2% APN / Parcel ID 134-17-022-D
Cap Rate 6%
Listing ID: 18288386 Date Created: 07/30/2013 Last Updated: 10/03/2013

Description

The property consists of a fee simple, absolute NNN ground lease (5 Years left) with 4- 5 yr. options and 12.5% increases every 5 years, including all options. The Lease is guaranteed by Pack-Huynh, LLC and Arizona Colorado Enterprises, LLC whom are preferred Franchisees for the state of AZ and current operate 13 locations in CA and AZ. Moe Pack and Phong Huynh are extremely successful restaurant franchisee Operators since 1969, starting with Pioneer Chicken. Phong has overseen 72 El Pollo Loco restaurants and supervised the expansion into new markets such as Chicago, Denver, Georgia and now Arizona. Their remarkable ability to improve store performance earned them the Most Improved Sales Award at the 2012 El Pollo Loco Convention. Spanish for The Crazy Chicken, is the nation' s flame-grilled chicken leader with more than 450 restaurants (aggressively expanding) in California, Arizona, Nevada, Texas, Illinois, Connecticut, Oregon, and Utah. Founded in Guasave, Mexico in 1975, El Pollo Loco's long-term success stems from the unique preparation of its award-winning "pollo" - fresh chicken marinated in a special recipe of herbs, spices and citrus juices.

The property is located at the hard corner of S. Country Club Dr. and W. 10th Ave, just off Highway 60 in the City of Mesa, AZ. As an outparcel to a 99c Store Anchored Shopping Center, this location enjoys high visibility along the main retail corridor servicing this suburb of Phoenix. El Pollo Loco restaurant is strategically located near the campus of Arizona State University and Mesa Financial Plaza, generating both large numbers of daytime and evening traffic. This dense residential community provides strong retail demand along with surrounding National Tenants such as; Target, Wal-Mart, Dick' s Sporting Goods, Petsmart, Ross, 99c Store, Home Depot, BigLots, Costco, Family Dollar, Denny' s, Goodwill, Sizzler, Pizza Hut and many more. The demographics offer both upscale and working class families, with neighboring Dobson Ranch Golf Resort. Mesa, located in Maricopa County, is one of the nation's fastest-growing cities, the third-largest city in Arizona and the nation's 38th-largest city.

Highlights

  • Absolute NNN Ground Lease with 4-5 Year Options 5 Yrs. Remain- Coupon Clipper Asset
  • Strong Franchisee Guaranteed Lease- Multiple Units (13)- Preferred AZ Operator for El Pollo Loco
  • 12.5% Rental Increases Every 5 Years- Including Options Below Market Rent- Low Downside Risk
  • Excellent Visibility/Signage Along Busy Country Club Dr. - Path of Growth for Greater Phoenix
  • Most Improved Sales Award for 2012 by Franchisee- High Net Worth Operators- $120k in TI's (2013)
  • Mesa is the 3rd Largest City in Arizona- 38th Largest City in the Nation- Near ASU Campus

Research

1036 S. Country Club Drive, Mesa, AZ 85210 (Maricopa County)

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