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El Pollo Loco Corp GL | Low Rent to Sales 274 W Lake Mead Pky 2,824 SF Retail Building Henderson, NV 89015 $2,662,000 ($942.63/SF) 5.25% Cap Rate

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Investment Highlights

  • CORPORATE ABSOLUTE NNN GROUND LEASE
  • STRONG YOY INCREASE IN SALES
  • HUGE TRAFFIC COUNTS - 46,000 CPD
  • LOW RENT TO SALES UNDER 8%
  • PAD IN AWARD WINNING SHOPPING CENTER
  • DENSELY POPULATED – 223K PEOPLE IN 5-MILE RADIUS

Executive Summary

CORPORATELY GUARANTEED LEASE
• Provides tremendous security to any passive NNN investor
• Corporate signature backed by 500 U.S. locations
LOW RENT TO SALES – INCREASING YOY STORE SALES
• High performing location with above average El Pollo Loco unit level sales
• Profitable, and stable, location with a low rent to sales under 8%
• Sales have increased annually year over year since 2023 – a 6.9% increase in sales since 2023
LONG TERM TENANCY – 15+ YRS OF SUCCESSFUL OPERATING HISTORY
• Tenant has been successfully operating at this location for over 15 years since 2029
• When combined with the strong sales and low rent to sales, it appears Tenants intention to remain long-term at this location. *Buyer to do its own due diligence.
ATTRACTIVE ABSOLUTE NNN GROUND LEASE STRUCTURE
• Attractive ground lease structure providing incredible security to any investor with tenant’s significant investment into the building and improvements
• Upside upon building and improvements reverting to Landlord upon expiration of the Lease – ability to convert ground rent to land and building rent
• Completely passive NNN investment – ZERO landlord responsibilities
• Attractive 10% increases every 5 years in the Primary and Option Terms
STRONG PUBLICLY TRADED TENANT – EL POLLO LOCO INC.
• $455 million in Revenue (FY 2021)
• $24.747 million (FY 2020)
• Founded in 1975 – over 50 years of successful operations
COVID-19 AND ECOMMERCE RESISTANT BUSINESS
• Fast food drive thru buildings were one of the few Essential Services that were allowed to remain open for business throughout the pandemic
IDEALLY LOCATED IN AWARD WINNING LAKE MEAD CROSSING SHOPPING CENTER
• 57.5 acre Target anchored shopping center also home to Sprouts Farmers Market, PetSmart, Marshalls, Ulta, Discount Tire, Ross, Hibbett Sports and several other nationals
HUGE TRAFFIC ALONG MAJOR RETAIL THOROUGHFARE
• Ideally located along W. Lake Mead Parkway, the major retail thoroughfare through Henderson
• High Traffic:
o W. Lake Mead Parkway – 46,000 CPD
o Interstate 11 – 95,500 CPD
o S. Boulder Hwy – 33,700 CPD
BUILT IN CUSTOMER BASE – MEDICAL AND INDUSTRIAL EMPLOYEE BASE
• Subject property is located just blocks from two major medical facilities
o St. Rose Dominican Hospital – one of the best in Nevada which provides multiple services including radiology, emergency room, and chapel and chaplains.
o Freemont Medical Center
• Surrounded by over 1 square mile of industrial headquarters and facilities
DENSELY POPULATED TRADE AREA WITH EXCEPTIONAL DEMOGRAPHICS
• 223,448 people in a 5-mile radius
• 87,242 households in a 5-mile radius
• $122,382 average household incomes in a 5-mile radius
• 2.41% annual growth rate between 2020 to 2025
STRONG RETAIL TRADE AREA SURROUNDED BY SEVERAL NATIONAL TENANTS
• Several national tenants within one-block including Raising Cane’s, Chick fil A, Carls Jr, Jimmy Johns, Starbucks, Wendy’s, Arco and several other regional and local tenants
TREMENDOUS ACCESS BETWEEN TWO MAJOR NEVADA HIGHWAYS
• Subject property is located in between Interstate 11 and N Boulder Highway (Hwy 582) providing tremendous access to commuters from either highway

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,824 SF
Building Class
B
Year Built
2009
Price
$2,662,000
Price Per SF
$942.63
Cap Rate
5.25%
NOI
$139,755
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.69 AC
Zoning
CC / Henderson - Restaurant
Parking
55 Spaces (19.48 Spaces per 1,000 SF Leased)
Frontage
130’ on Lake Mead Pky

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Monument Signage
  • Air Conditioning

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
15 min drive
2024 Population
8,661
100,030
215,498
477,944
2029 Population
9,379
108,310
232,261
501,912
2024-2029 Projected Population Growth
8.3%
8.3%
7.8%
5.0%
Median Age
39.8
40.4
40.5
41.3
College Degree + Higher
15%
23%
26%
18%
Daytime Employees
8,848
32,082
56,100
152,576
Total Businesses
816
2,944
6,015
19,833
Average Household Income
$70,784
$94,570
$99,018
$103,520
Median Household Income
$56,068
$73,235
$75,127
$80,255
Total Consumer Spending
$95.4M
$1.3B
$2.8B
$6B
2024 Households
3,419
38,111
82,652
186,982
Average Home Value
$351,479
$422,714
$448,029
$504,291

Nearby Major Retailers

Starbucks
Sprouts Farmers Market
Olive Garden
Crunch Fitness
the Human Bean
Albertsons
Chase Bank
Capriotti's
Planet Fitness

Property Taxes

Property Taxes

Parcel Number
179-18-219-001
Land Assessment
$136,755
Improvements Assessment
$236,650
Total Assessment
$373,405
  • Listing ID: 39341399

  • Date on Market: 2/5/2026

  • Last Updated:

  • Address: 274 W Lake Mead Pky, Henderson, NV 89015

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