Asking Price Contact for pricing
Area Size
NOI Net Operating Income
Cap Rate N/A

Documents

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Key facts

Year Built 2016
Building Area Net
Land Area Net ()
Rentable Area
Occupancy 100.0 %

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the fee simple interest in two (2) newly-renovated standalone Grill Pollo locations throughout the Little Rock, Arkansas MSA. Grill Pollo (the “Tenant”) is an emerging QSR concept that focuses on delivering fresh-from-the-farm Latin-inspired chicken varieties - operated by several restauranteurs with decades of experience, including a former Chick-Fil-A executive. These locations will be Grill Pollo's 3rd and 4th sites to open, with stated plans to open several more sites by year-end 2022.


The tenant recently executed 20-year Absolute NNN Leases all with annual 2.00% rental increases and 4 x 5-year renewal options at each site. The leases also benefit from strong joint personal guaranties from the owners – who have a combined net worth over $83.4 million to support the business and underlying lease obligations.


BROKER OF RECORD: RUSSELL WESTLAKE LICENSE #: AR - PB00065848

Investment highlights

STRATEGIC REAL ESTATE POSITIONING

  • The Hot Springs site is situated on W Grand Avenue / Central Avenue with frontage to over 50,000 VPD. Additionally, it is less than one mile north of Hot Springs National Park - the largest attraction in the state with more than 1.5 million visitors annually.
  • The Jacksonville site is directly adjacent to Highway 167, a major US interstate, and is also located within a dense retail corridor nearby blue-chip retailers such as Walmart, Starbucks, and T-Mobile to name a few

STRONG JOINT GUARANTY & NET LEASE STRUCTURE WITH ANNUAL INCREASES

  • The Property is subject to a guaranteed 20-year Absolute NNN lease with annual 2.00% increases, providing a steady income stream and a strong hedge against inflation with no landlord responsibilities.
  • The Joint Guarantors combine for a net worth of $83.4M as of December 2021
  • The lease includes four 5-year extension options.

FAST GROWING, EMERGING QSR TENANCY 

  • Grill Pollo is expanding its operations across the state of Arkansas, opening twelve new locations in 2022.
  • The founders of Grill Pollo have partnered with several restauranteurs with decades of experience, including a former Chick-Fil-A executive to bring the CFA operational expertise to the Grill Pollo concept. 
Last Updated Date: 19 Jul 2022

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Last Updated Date: 19 Jul 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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