EL POLLO LOCO | $3,500,000 | 4.67% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale El Pollo Loco a single-tenant property located at 7900 Denton Highway, Fort Worth (Watauga), TX 76148.
The subject property is comprised of 2,800 square feet, built-in 2017 on a moderate 0.63 Acre lot with drive-thru. Situated at the intersection of Denton Highway and North Park Drive, El Pollo Loco is passed by over 43,000 vehicles per day. The subject property is surrounded by many national tenants and just across Denton Highway from two major schools totalling 2,412 students.
El Pollo Loco operates on an absolute-net ground lease backed by a corporate guaranty with 15+ years remaining and 10% increases every 5 years.
In 1980 the first American El Pollo Loco opened on Alvarado Street in Los Angeles, quickly becoming a destination for the best citrus-marinated, fire-grilled pollo in town. Over the past four decades, El Pollo Loco has grown into more than 487 restaurants across 6 states becoming an L.A. mainstay and cultural benchmark along the way. Today they continue to work just as hard to always provide customers with fresh and innovative L.A. Mex from famous family dinners to Mexican entrees.