El Pollo Loco Abs NNN Ground Lease + T-Mobile 78621 CA-111 Hwy Local commercial 266 m² 100 % Loué À vendre La Quinta, CA 92253 3 028 755 € (11 383,12 €/m²) Taux de capitalisation 4,15 %

This Offering presents prospective purchasers with the opportunity to acquire a two tenant corporate lease Investment with strong corporate guarantees; El Pollo Loco absolute NNN ground lease and a T-Mobile Mono-palm cell tower site lease. El pollo loco has approximately 13 years remaining on the initial term, 10% rental increases every 5 years with the next increase in April 1, 2028. The lease also includes two, 5-year renewal options. T-Mobile, a long term tenant since 1996, has approx. 6+ years remaining with four - 5-year options and attractive 15% increase every 5 years. The Subject Property is well situated in a prime retail location; along HWY 111, the area's primary retail and traffic corridor, near the the signalizes intersection of HWY 111 and Washington St. with a combine traffic count of 90,000+ CPD and within Washington Park shopping center, a 600,000 sq. ft. major power center anchored by Target, Lowe's, Trader Joe's, TJ Maxx, Ulta, Cost Plus World Market, and many more. La Quinta is an affluent, high growth city with over 187,000 population and an average household income in excess of $103,000 within a 5 mile radius. It is one of the nine cities in Riverside's County, Coachella Valley; a popular tourist destination with 14.4 million annual visitors and a significant population growth to approximately 500,000. With annual rental increases and an absolute NNN ground lease with zero landlord responsibilities, this asset is the perfect offering for an investor seeking a long -term and fully passive investment.