11429 Pines Blvd Pembroke Pines, FL

Listing Agency SRS Real Estate Partners | Fort Lauderdale Show Phone

Listed by Patrick Nutt · License #FL BK3120739

Source Moodyscre

Added: Apr 24, 2024 Updated: Jul 10 at 11:56 am Checked: Jul 20 at 4:07 am

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• Fiesta Restaurant Group, Inc. corporate guaranteed lease
• Over 11 years remaining on original 15‑year lease
• Enjoy 10% rental increases every 5 years

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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 Pines 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