El Pollo Loco Corporate GL
309 S. Mason Road
Katy (Houston MSA), TX 77450
Price: 1,936,000Cap Rate: 5.00%NOI: $96,800*Building SF: 3,076 SFLot Size: 24,350 SFYear Built: 2014Status: Available
INVESTMENT HIGHLIGHTS:
ATTRACTIVE LONG TERM CORPORATE ABSOLUTE NNN GROUND LEASE
- Over 10 years remaining on the absolute NNN lease providing any investor long term passive NNN income
- 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)
- Nearly 500 U.S. locations with over 5,000 employees
LOW GROUND RENT PROVIDING TREMENDOUS SECURITY
- El Pollo Loco is paying low, replaceable, ground rent providing additional security to any investor
- Ground lease structure creates further security to any investor, inheriting the building and improvements upon the expiration of the ground lease
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
HIGH TRAFFIC LOCATION AT SIGNALIZED INTERSECTION OFF INTERSTATE 10
- Ideally located at a signalized intersection near the on/off ramp to Interstate 10 providing tremendous visibility to commuters to/from the freeway
- High Traffic:
- Mason Road – 45,849 CPD
- Interstate 10 – 219,280 CPD
- Highway 99 – 103,731 CPD
DENSELY POPULATED TRADE AREA WITH EXCEPTIONAL DEMOGRAPHICS
- 295,953 people in a 5-mile radius
- 98,592 households in a 5-mile radius
- Very affluent $140,850 average household incomes in a 5-mile radius
- 26% annual growth rate between 2020 to 2023
STRONG RETAIL TRADE AREA SURROUNDED BY SEVERAL NATIONAL TENANTS
- Subject property is a pad in a high occupancy shopping center with nationally recognized tenants such as 99 Cents Only Store, Harbor Freight Tools, Jiffy Lube, Cici’s Pizza, Red Wing Shoes, Jason’s Deli and several other regional and local tenants
- Well located directly across the street from a grocery anchored shopping center including Fiesta Mart and Dollar Tree
- Surrounding national tenants within a one-block radius include McDonalds, Whataburger, Raising Canes, Chick fil A, Walgreens, Circle K, Shell and several others
SEVERAL CAR DEALERSHIPS AND CORPORATE HEADQUARTERS
- Subject property is located just blocks from several car dealerships including Toyota of Katy, Honda Cars of Katy, Chrysler Dodge Jeep RAM Katy, CarMax, and AutoNation Collision Center of Katy
- GEICO Corporate Office is located directly across Interstate 10