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11429 Pne Blvd Pembroke Pines, FL

For Sale
$4,463,000

NNN leased Pollo Tropical with corporate guarantee and options.

Property size:
3,832 SF
Lot size:
1.00 Acres

Property Features for 11429 Pne Blvd

General Information

Size
3,832 SF
Lot size
1.00 Acres

Source: SRS Real Estate Partners | Fort Lauderdale Agent Patrick Nutt

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Pollo Tropical NNN Investment Opportunity

This property is a Pollo Tropical restaurant with over 11 years remaining on the original 15-year lease, which was executed in January 2020. The lease includes four 5-year option periods for extension. The lease features 10% rental increases every 5 years throughout the initial term and option periods. The lease is corporate guaranteed by Fiesta Restaurant Group, Inc. Pollo Tropical has operated at this location for over 20 years and has strong store sales. The property size is 3,832 square feet.
Location Intelligence

Current Use by Public Records

Drive through restaurants

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Pembroke Pines
County
Broward
State
Florida
Longitude
-80.2793593
Latitude
25.9906428

FAQs

What type of property is this?
Drive through restaurant - NNN leased Pollo Tropical with corporate guarantee and options.
Where is this drive through restaurant located?
The property is located at 11429 Pne Blvd Pembroke Pines, FL.
What is the asking price?
The asking price for this property is $4,463,000.
What are key features of this property?
This property features: - Fiesta Restaurant Group, Inc. corporate guaranteed lease; - Over 11 years remaining on original 15-year lease; - Enjoy 10% rental increases every 5 years
More about this property
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