Pollo Tropical Absolute NNN
For Sale
Contact for pricing
Pending
2985 45th St, West Palm Beach, FL 33407
Corporate restaurant location with a long-term absolute NNN lease and scheduled annual increases.
Property SizeContact for details
Days on Market143
Property Features for 2985 45th St
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
GAIA Real Estate Investments
Listed By:
Erika Carlson · License #CA 01789133
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 6:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GAIA Real Estate Investments
Investment Insights
Based on property information with market context.
This corporate Pollo Tropical property is subject to an absolute NNN lease, providing a defined lease structure for the asset. The current original term has 6 full years remaining, with 1% annual rent increases and 4 five-year extension options.
The property is positioned on a corner lot at a signalized intersection and is surrounded by neighboring retailers. Located at 2985 45th St in West Palm Beach, Florida, the site has operated as a Pollo Tropical location since 2006. The reported Rent to Sale Ratio averages approximately 5.5%-6%.
The property is positioned on a corner lot at a signalized intersection and is surrounded by neighboring retailers. Located at 2985 45th St in West Palm Beach, Florida, the site has operated as a Pollo Tropical location since 2006. The reported Rent to Sale Ratio averages approximately 5.5%-6%.
Key Highlights
- Absolute NNN lease with 6 full years remaining on the original term
- 1% annual rent increases during the remaining lease term
- 4 five‑year options to extend
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,657
Businesses Nearby
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate restaurant location with a long-term absolute NNN lease and scheduled annual increases.
Where is this nnn property located?
The property is located at 2985 45th St West Palm Beach, FL.
What are key features of this property?
This property features: Absolute NNN lease with 6 full years remaining on the original term; 1% annual rent increases during the remaining lease term; 4 five‑year options to extend
