El Pollo Loco – GL Phoenix, AZ

4728 East Ray Road
Phoenix, AZ

Price: $2467000
Cap Rate: 4.50%
NOI: $111,000
Building Size: Approx. 2973 Sq. Ft.
Lot Size: Approx. 0.74 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2016

Investment Overview

  • 2016 Construction. 2,972+/- SF Building on .74+/- Acre Site
  • 20-Yr Corp Ground Lease w/ 10% Rent Bumps Every 5-Yrs
  • Located along E. Ray Rd. (40,000 VPD), just W of  I-10 (155,000 VPD)
  • Target Outparcel | Near Best Buy, CVS, Chick-fil-a, Wendy’s, Pizza Hut
  • Area Attractions: Chase Field| Phoenix Zoo| Camelback Mountain
  • Phoenix is ranked as the 3rd fastest growing city in the U.S – Forbes Magazine
  • 11-Miles S of Arizona State University (83,301 Enroll.) | 36-Miles SE of Luke Air Force Base
  • 5-Mile Radius: 2015 Estimated Population: 190,168 l 3-Mile Average HH Income:  $92,022
  • Phoenix – Mesa – Glendale (MSA): 12th Largest MSA in the U.S | Population: 4,574,351

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