Pollo Tropical Triple Net (NNN) Commercial Property
Miami, Florida

Triple-Net (NNN)
Tenant is responsible for the Three key expenses of the property:
– Property tax, insurance, repairs and maintenance
– Long-term lease
– Increasing rent over the lease term
– No management necessary

El inquilino es responsable por los Tres costos principales de la propiedad:
– Impuesto a la propiedad (predial), seguro, reparaciones y mantenimiento
– Contratos de arrendamiento a largo plazo
– Incremento de la renta durante el término del contrato
– No se requiere gestion

 

Price: US $ $5,400,000
Property Type: Free standing
Occupancy: 100%
CAP: 4.45 %
Building Area: approx. 4,177 SF = 388 m²
Lot: approx. 30,535 SF = 2,836 m²
NOI: US $ 240,675
Annual Expenses: NNN Tenant responsible for all expenses including property tax, insurance and maintenance.
Contract Terms: Approximately 14 + years remaining of Original 20 lease- (until 2033)
Increases: 1% increase a year.
Extensions: Four (4), Five (5)-Year Options
Guarantor: Corporate Guarantee: Pollo Tropical – Fiesta Restaurant Group (NASDAQ: FRGI)