Description
The tenant signed a 15 year NNN ground lease which commenced when the store opened in April of 2007. The corporately guaranteed lease offers two 5-year options to renew with increases. The tenant is responsible for the payment of all taxes, insurance, and maintenance of the property, including the roof and structure.
El Pollo Loco is the nation' s leading quick-service restaurant chain specializing in flame-grilled chicken. Founded in Guasave, Mexico in 1975, the company now has more than 380 restaurants in California, Arizona, Nevada, Texas, Colorado, Illinois, Georgia, Massachusetts, Connecticut, Oregon, Utah, Virginia, New Jersey and Missouri. The chain is expanding nationwide and bringing its delicious fresh, natural flame-grilled chicken and fresh Mexican entrées to people across the nation.
There are over 280,000 residents currently living within 5 miles of the property, with continued growth anticipated in the next decade. The subject property lies near the intersection of Buford Hwy and Clairmont Road, which experiences a high traffic count of 80,000+/- ADT. The restaurant sits in front of a newly developed ALDI anchored shopping center with numerous other national retailers surrounding the property including Kroger, Advance Auto Parts, Pizza Hut, KFC, Marshall's, Burlington Coat Factory, and Family Dollar.