El Pollo Loco NNN Property For Sale — Eastvale, CA
13340 Limonite Avenue, Eastvale, CA 92880
This investment opportunity features a single-tenant El Pollo Loco, operating under an absolute NNN ground lease with zero landlord responsibilities. The property boasts a new 20-year lease, initiated with a corporate guarantee from El Pollo Loco, Inc. (NASDAQ: LOCO). The lease includes attractive 10% rent increases every five years, along with two 5-year options, each also featuring a 10% rent increase. Constructed in 2018, this modern asset is strategically located as a pad site within the newly developed Eastvale Marketplace. El Pollo Loco is a leading national fire-grilled chicken restaurant with a significant presence across multiple states.
- Address: 13340 Limonite Avenue, Eastvale, CA 92880
- Asking price $3.25M
- 4.00% cap rate
- NOI $130,000
- 20 years remaining
- NNN lease
- Building size: 2,648 SF
- Lot size: 0.55 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This El Pollo Loco property is at 13340 Limonite Avenue in Eastvale, California.
Asset type: Shopping Center / Retail