Listing Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, drive-thru equipped, freestanding El Pollo Loco investment property located in French Valley, CA. The tenant, El Pollo Loco, Inc.
Full Description
Description SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, drive-thru equipped, freestanding El Pollo Loco investment property located in French Valley, CA. The tenant, El Pollo Loco, Inc., recently signed a brand new 20-year lease with 2 (5-year) options to extend and 1 (4.5-year) option, demonstrating their commitment to the site. The lease features an approximate 10% rental increase in years 11 and 16 of the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate signed and absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The building features state-of-the-art, brand new construction with modern amenities and design. Location The property is located along Winchester Rd, which averages 28,500 vehicles passing by daily and is a major retail thoroughfare serving the city of French Valley. Furthermore, El Pollo Loco is ideally situated as an outparcel to French Valley Marketplace, a 20-acre, brand new shopping center featuring other national/credit tenants such as Grocery Outlet, Rite Aid, EoS Fitness, AutoZone, Chipotle, and 7-Eleven. Other nearby retail centers include grocery anchored French Valley Village Center (118,600 SF), French Valley Commons (38,300 SF), and French Valley Crossings (69,000 SF / In Development). Winchester Road (28,500 VPD) is the primary retail corridor serving the trade area, with other nearby national/credit tenants including Stater Bros. Market, CVS Pharmacy, O’Reilly Auto Parts, Dollar Tree, Crunch Fitness, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for El Pollo Loco. Moreover, the site is between two prominent apartment complexes, Pacific Landing Luxury Apartments (325 units) and Dakota Apartments (174 units), providing a direct consumer base from which to draw. The 5-mile trade area is supported by more than 153,000 residents and 24,000 daytime employees. Residents within 3 miles of the subject property boast an affluent average household income of $150,185.
Quick Glance
- Listing ID:
CL-California-12341
- Status:
Active
- Year Build:
2024
- Building Size:
3,500 SqFt
- Lot Size:
40,910.00 Acre