Anaheim, CA - Pollo Campero

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, newly constructed Pollo Campero investment property located in Anaheim, California (Orange County MSA). The tenant recently signed a brand new 20 year lease with
3 (5-year) and 1 (4-year and 11-month) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity. Pollo Campero is a rapidly expanding brand with 410+ restaurants and 8,000+ employees across 8 countries, with a growing presence in the U.S. The brand is a subsidiary of CMI Foods Group as part of Corporación Multi Inversiones, which operates fast-food and restaurant brands in 16+ countries. The subject property represents the 125th brand location in the U.S.

The property is located at the heavily trafficked, signalized, hard corner intersection of E. Orangethorpe Avenue (38,800 VPD) and N. Lemon Street (34,000 VPD). The location benefits from its position as an outparcel to a Walmart Supercenter and an adjacent Sonic, with future Ono Hawaiian BBQ and Quick Quack Car Wash sites. The remainder of the intersection is comprised of a dense corridor of national retailers, including the Orangefair Marketplace (anchored by Best Buy, Burlington, and Michaels), and major tenants like Amazon Fresh, Lowe’s, Costco, In-N-Out Burger, Chick-fil-A, and Taco Bell. Additionally, the Fullerton Metrocenter, a top performing shopping center which receives over 4.9 million annual visits (per Placer.ai), is nearby, anchored by Target and Sprouts Market. The property is directly accessible via on/off ramps to State Highway 91 (336,000 VPD), a major commuter route utilized by residents across Orange, Riverside, and Los Angeles counties. This high-traffic location is further supported by a dense and affluent consumer base, with over 595,900 residents and 323,900 employees in the 5-mile trade area, with an average household income of $125,031. The area also benefits from its close proximity to Fullerton College (26,000 students) and Disneyland (28 million annual visitors).

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