50 N University Dr
Plantation, FL 33324
Pollo Tropical 20yr NNN · Retail Property For Sale

Brand New 20yr NNN Ground Lease for Pollo Tropical. This large 1.13 acre property is located along University Drive, just north of Broward Blvd at the heart of the University sub-market, one of the busiest retail areas in Broward county. The Westfield owned Broward Mall is located just to the South and is currently undergoing a large $20M renovation by Seritage, repositioning the Sears into an entertainment facility and adding new restaurants. Directly across the street from the Pollo Tropical is Plantation Walk, the $300M development that includes 700 luxury apartments, 160,000sf of office space and 200,000sf of retail space. There are over 100,000 cars per day that pass the intersection of Broward Blvd and University Drive. Pollo Tropical usually signs a 15 year lease, however they were willing to commit to a 20 year initial term at this location. Additionally, there is a guaranty from the publicly traded parent company, Fiesta Brands (NASDAQ:FRGI).