Property Highlights
New 15-year NNN ground lease guaranteed by Pollo Operations, Inc. (Corporate)
Zero landlord responsibilities
Pollo Tropical operates 141 freestanding locations in Florida
$10,000 rent increases every 5 years during base term & options
Excellent underlying real estate fundamentals with a dedicated left hard turn lane and prominent visibility to 65,500 ADT along Fowler Ave
Urban infill location with high barriers to entry
Directly across from the University of South Florida’s main campus, the 23rd largest University in the country with over 50,000 students
A dense residential population, dynamic employment and daytime traffic generators make the University submarket one of the top performing restaurant markets on the West Coast of Florida
Pollo Tropical’s average sales per unit is over $2.5 million
No state income tax in Florida