El Pollo Loco | New 20yr Corp Abs NNN | DrThr 35926 Winchester Rd

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, drive-thru equipped, freestanding El Pollo Loco investment property located in French Valley, CA. The tenant, El Pollo Loco, Inc., recently signed a brand new 20-year lease with 2 (5-year) options to extend and 1 (4.5-year) option, demonstrating their commitment to the site. The lease features an approximate 10% rental increase in years 11 and 16 of the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate signed and absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The building features state-of-the-art, brand new construction with modern amenities and design. The property is slated for a January 1st, 2025 grand opening, with rent commencing on that date as well.