Pollo Tropical (Ground Lease)

2001 Gallatin Pike North - Madison (Nashville) TN 37115

LTV (Loan to Value)	65.00%	Current NOI	$100,000.00
Interest Rate	4.250%	Capital Rate	5.250%
Fixed Term	10 Years	Land Area	+/- 0.88 Acres
Amortization	25 Years	Lease Type	Absolute NNN
Loan Amount	$1,238,250.00	Property Type	Retail
Payment	$6,708.07	Property Lease	Food Service
Bulding Size	0 SF	Remaining Terms

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a brand new Pollo Tropical ground lease located in Madison, TN, just fifteen miles from downtown Nashville.The property is 100% leased to Pollo Tropical and is operating under an Absolute NNN ground lease with 10% increases in each of the six (6), five (5) year options.Strategically situated within a dense retail corridor, the property is located directly across the street from the 1.1 million square foot RiverGate Mall, which includes major retail tenants such as Dillard’s, JCPenney, Macy’s, Sears, Abercrombie & Fitch and American Eagle Outfitters, to name a few.

Highlights

Industry-Leading Tenant - Pollo Tropical owns and operates 130 restaurants in the US, and has generated 20 consecutive quarters of…

Property Description

Madison is a neighborhood in northeast Nashville and is incorporated as part of the Metropolitan Government of Nashville and Davidson County. Madison is centrally located close to several major roads and highways, including State Route 45, Briley Parkway, and Interstates 65, 40 and 24, providing easy and direct access from all surrounding cities.Nashville is the capital of Tennessee and the county seat of Davidson County. Nashville is the second largest city in Tennessee, after Memphis, and is the fourth largest city in the Southeastern United States. It is located on the Cumberland River in the north-central part of the state. The city is a center for the music, healthcare, publishing, banking and transportation industries, and is home to numerous colleges and universities. Reflecting the city’s position in state government, Nashville is home to the Tennessee Supreme Court’s courthouse for Middle Tennessee.