May 21, 2024 – Jarett Zachman, Michael Talbert, and Dan Bernardini of Horvath & Tremblay have successfully completed the sale of a Pollo Tropical in Tamarac, Florida. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $2,175,000.
Pollo Tropical is located at 8851 W Commercial Boulevard in Tamarac, Florida. Pollo Tropical is operating under a long term, 15-year corporate lease that began in 2019. The Absolute NNN Ground Lease currently has 10+ years of term remaining with five (5), 5-year renewal options. The corporate lease includes attractive 10% rent increases every 5 years throughout the primary lease term and at the start of each renewal option. Pollo Tropical is well located on West Commercial Boulevard (FL-870), next to the well-trafficked, signalized intersection with NW 88th Avenue and N Pine Island Road. The Property is situated in a densely populated residential area that provides a robust consumer base, while also featuring a strong retail presence that drives additional traffic from the surrounding communities. Pollo Tropical benefits from excellent visibility and frontage, as well as convenient access directly from West Commercial Boulevard. There are several major retail centers in close proximity, offering an extensive selection of national retailers and local brands serving the area.
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.