September 18, 2023 – Jarett Zachman and Michael Talbert of Horvath & Tremblay have successfully completed the sale of Pollo Tropical in Alafaya, Florida. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,700,000.
Pollo Tropical is located at 11860 E Colonial Circle in Alafaya, Florida. Pollo Tropical has been at this location for more than 23 years, demonstrating their commitment to the site and the market. Pollo Tropical has 2+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease features attractive rent increases at the start of each renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation. The property is strategically located along East Colonial Drive (SR 50), the area’s primary commercial and commuter corridor, and benefits from outstanding frontage and visibility. The Property is 1-mile from the Challenger Parkway, 2-miles from the University of Central Florida, and surrounded by national retailers that drive traffic to the area. Additionally, the immediate area is improved by densely populated residential neighborhoods that provide a built-in customer base for Pollo Tropical.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.