Pollo Tropical Miami, FL

Sun Realty Partners is pleased to offer the opportunity to acquire a highly successful NNN Pollo Tropical Restaurant in Miami, Florida. With an outstanding location in one of America’s most successful MSAs, the property benefits from a dense population, high traffic counts and an incredible regional business outlook. Even better, the property boasts a Rent to Sales ratio below 5% with both low rent and high sales.

Ideally positioned on an outparcel to Laguna Plaza (Grocery Anchored), at the intersection of two primary roads with combined traffic counts over 80,000 vehicles per day. The property thrives on high traffic counts and a 5 mile population of 400,000 people with average HH income of about $90,000 per year. Florida International University (FIU) is located less than a mile away and FIU’s College of Engineering & Computing is less than 1/4 mile, ideally positioning this restaurant for hungry students. FIU is one of Florida’s largest universities with undergraduate enrollment over 46,000 students.

The corporate lease features 1% annual rent increases (see rent schedule) as well as a percentage rent opportunity to hedge against inflation. The tenant, Pollo Operations Inc, has demonstrated commitment to the site by exercising their first 5 year option in January 2023 and announcing plans for a store remodel. Pollo Tropical has over 130 units in Florida and has drawn the attention of an outstanding strategic buyer, Authentic Restaurant Brands (ARB), part of the Garnett Station Partners portfolio of companies (garnettstation.com). Miami based ARB will bring extensive restaurant, digital and analytical expertise to this highly successful regional favorite, positioning it for continued long term success.