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Ground Lease - Corporate Guaranted - NASDAQ - LOCO

$3,390,214

Price

12.7 Years

Remaining Term

12% Increases

Every 5 Years

LL Responsibilites

None

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El Pollo Loco-Single Tenant NNN Ground Lease

8428 Calvine Road, Elk Grove, CA/Sacramento County

  • Current NOI $111,538

  • Extrapolated NOI $118,657

  • Pure NNN Ground Lease/no landlord responsibilities

  • Long-term corporate lease with 12% rental increases every 60 months

  • 12% above market, inflationary hedge rental increases 

  • Almost 13 years remaining on original 20 year lease

  • 2 (two) 10 (ten) year options remaining

  • 3.50% Cap Rate based on prorata increases accrued through 1/31/22

  • Outparcel to 300,000 SF super regional shopping center

  • Extraordinary high barrier to entry location

  • 85,500+ CPD intersection

  • Direct frontage on Elk Grove Florin with seven access points

  • 0.85 acre parcel with ample parking spaces for customers

  • Pandemic resistant healthy fast food use with drive-thru

  • 2014 construction

  • Fee simple ownership-debt free

  • 1.25% commission to procuring broker

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