New pollo campero houston

New pollo campero
houston
[ REPRESENTATIVE PHOTO ]
168,000+ residents within 3 miles
High density, high growth area
corporate guarantee
10% rental increase in year six
7754 W. Bellfort Avenue, Houston, TX 77071
[ www.CapitalPacific.com ]
PROperty Summary
Listing Team
Contact Info
new freestanding Pollo Campero in houston on w. bellfort
ave: high visibility, high traffic counts, high density, and
high barriers to entry.
RICK SANNER
PRICE: $1,655,651
CAP: 5.75%
John Andreini
rsanner@capitalpacific.com | (415) 274-2709
CA BRE# 01792433
jandreini@capitalpacific.com | (415) 274-2715
CA BRE# 01440360
Rentable SF. . . . . . . . . . . . . . . 2,800 SF
land area . . . . . . . . . . . . . . . . 0.91 Acres
YEAR BUILT . . . . . . . . . . . . . . . . 2016
In Conjuction With TX Licensed Broker: Peter Ellis
peter.e@sbcglobal.net | (210) 325-7578
Current Rent. . . . . . . . . . . . . $34/SF
Lease Expiration. . . . . . . . . . 2026
* Rent commencement is expected to be September 1, 2016.
[ REPRESENTATIVE PHOTO ]
Capital Pacific collaborates. Click here to
meet the rest of our San Francisco team.
pollo campero | 2
core characteristics
448,000+ Residents within a 5-mile radius
interNational Tenant
New 10-year corporate net lease with Pollo
Campero in Houston. brand new construction.
Property Highlights
Major multi-national corporation
Located within the outer loop of Houston, along a major east/west arterial,
connecting Interstate 610 and Sam Houston Parkway.
Parent corporation of Pollo Campero has annual revenue exceeding $3.5 billion
and operates in four continents spanning 20 countries. See page 8.
Subject property is located on W. Bellfort Avenue with traffic counts exceeding
26,000 vehicles per day.
Pollo Campero was founded in 1971 and has a proven 44 year operating history.
Nearby tenants include Fiesta Supermarket, Brident Dental, Walmart
Neighborhood Market, Walgreens, and Home Depot. Also nearby is “Joe V’s,”
which is a warehouse-style, no frills, grocery chain concept operated by Texas
powerhouse grocer HEB.
Tenant has over 300 stores internationally.
Lease
10-year corporate lease.
168,000+ residents within a 3-mile radius with strong population growth in the
1, 3, and 5 mile radii.
10% rental increases every 5 years throughout the base term and the four
option periods.
2015 average household income exceeds $60,000 within a 3-mile radius.
Landlord responsible for roof and structure.
Tenant responsible for all other expenses including interior non-structural
components, HVAC, and parking lot. Tenant is also responsible for real estate
tax, maintenance and insurance.
pollo campero | 3
aerial
Pollo Campero is located on Bellfort Ave, benefitting from traffic counts exceeding 26,200 VPD
610
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Sharpstown
International
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MEYERLAND PLAZA
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22,259 DAILY
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FONDREN
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Middle
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Westbury
Christian
School
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MEYER PARK
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Elementary
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Bissonnet Stre
BRAEBURN
COUNTRY CLUB
W Bellfort Avenue
Westbury
High School
26,231 DAILY
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Anderson
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Ho
Bell
Elementary
ay
kw
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Pa
Gross
Elementary
Foerster
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ALT
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69
S Post Oak Road
69
HOUSTON
CITY CENTER
pollo campero | 4
income & expense
PRICE
$1,655,651
Capitalization Rate:
5.75%
Total Rentable Area (SF):
2,800
Lot Size (AC):
STABILIZED INCOME
0.91
Per Square Foot
Scheduled Rent
$34.00
$95,200
Effective Gross Income
$34.00
$95,200
LESS
Per Square Foot
Taxes
Paid by tenant
$0.00
Insurance
Paid by tenant
$0.00
Total Operating Expenses
Paid by tenant
$0.00
EQUALS NET OPERATING INCOME
$95,200
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
[ REPRESENTATIVE PHOTO ]
pollo campero | 5
rent roll
TENANT INFO
Tenant Name
Pollo Campero
Totals:
LEASE TERMS
Sq. Ft.
2,800
Term
RENT SUMMARY
Current
Rent
Monthly
Rent
Yearly
Rent
Monthly
Rent/FT
Yearly
Rent/FT
$95,200
$7,933
$95,200
$2.83
$34.00
1 (A)
5
6
10
$8,727
$104,720
$3.12
$37.40
Option 1
11
15
$9,599
$115,192
$3.43
$41.14
Option 2
16
20
$10,558
$126,700
$3.77
$45.25
Option 3
21
25
$11,615
$139,384
$4.15
$49.78
Option 4
26
30
$12,777
$153,328
$4.56
$54.76
$7,933
$95,200
$2.83
$34.00
2,800
$95,200
(A) Expected start date 9/1/16
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
pollo campero | 6
site plan
Site Plan Key
Parcel outline:
Land Area:
0.91 AC
Building Area: 2,800 sf
NOT A PART
Ingress/Egress:
26,231 DAILY
W Bellfort Avenue
pollo campero | 7
tenant overview
[ REPRESENTATIVE PHOTO ]
[ REPRESENTATIVE PHOTO ]
About CMI - Parent company
Pollo Campero’s parent is CMI, which is privately held and founded in the 1920’s. Today it has over 28,000
employees and 17+ business units operating in 20 countries on four continents with annual revenues over
$3.5 billion. During the last nine decades, the company has grown from a small business to an enormous
corporation that has milling, finance, energy, livestock, restaurants, and real estate among its investments in
various countries.
www.campero.com
international
corporation
About pollo campero - tenant entity
Founded in 1971, Pollo Campero now operates more than 300 restaurants in 14 nations, with approximately 56
units in the United States, serving over 85 million customers per year. In 2002, it opened its first US restaurant in
Los Angeles. The menu features grilled and fried chicken, empanadas and chicken sandwiches, and traditional
Latin side dishes such as yuca fries, sweet plantains, and black beans.
The U.S. headquarters are in Dallas, and the U.S. development will continue primarily in areas where the brand
already has locations (California, the District of Columbia region, Florida, Long Island, and Texas). Average unit
sales volumes are $1.5 million annually, which would put this location at a 6.53% rent to sales ratio.
pollo campero | 8
demographics & regional map
Population
2010
2015
2020
1-Mile
3-Mile
5-Mile
29,343
30,688
32,695
160,300
168,942
180,658
448,259
470,062
501,703
1-Mile
3-Mile
5-Mile
$49,380
$60,415
$61,289
26,231 DAILY
2015 Household incomes
Average
Top Employers in houston
Memorial Hermann Healthcare System
The University of Texas M.D. Anderson Cancer Center
ExxonMobil
Shell Oil Company
houston
pollo campero | 9
location
About houston, tx
With a population of about 2.1 million, Houston is the fourth-largest city in the United States and the largest city within the state of Texas.
Houston is also the seat of Harris County and the economic center of the Houston–Sugar Land–Baytown metropolitan area—the fifthlargest metropolitan area in the U.S. with a population over 6.08 million.
Houston’s economy has a broad industrial base in the energy, manufacturing,
aeronautics, transportation, and health care sectors; only New York City is home to
more Fortune 500 headquarters within its city limits.
Houston is home to many cultural institutions and exhibits such as the Houston
Museum District, which attracts more than 7 million visitors each year. Houston has
an active visual and performing arts scene in the Theater District and is one of few U.S.
cities that has year-round resident companies in all major performing arts.
Most populous city in texas
Because of these strengths, Houston is designated as a global city by the Globalization and World Cities Study Group and Network and
global management consulting firm A.T. Kearney.
It has been, for many years, one of the fastest growing areas in the country.
pollo campero | 10
A unique HUMAN
RESULTS-DRIVEN
client experience
[ REPRESENTATIVE PHOTO ]
The capital pacific experience - our daily commitment to our clients
[ www.CapitalPacific.com ]
Capital Pacific collaborates. Click here to
meet the rest of our San Francisco team.
Rick Sanner
rsanner@capitalpacific.com | (415) 274-2709
CA BRE# 01792433
In Conjuction With TX Licensed Broker: Peter Ellis
peter.e@sbcglobal.net | (210) 325-7578
John Andreini
jandreini@capitalpacific.com | (415) 274-2715
CA BRE# 01440360
chris kostanecki
zeb ripple
chris peters
joe caccamo
dave lucas
bob sanner
zandy smith
gregg steele
jack navarra
karla zens
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