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INVESTMENT HIGHLIGHTS
LONG TERM LEASE: Pollo Tropical has 9+ years remaining on their Absolute NNN Ground Lease with four (4), 5-year renewal options. This location is dark and Pollo Tropical will continue to pay base rent and additional rent throughout the primary term of the lease.
ATTRACTIVE RENT INCREASES: The lease calls for 10% rent increases every five years throughout the base lease term and at the start of each renewal option, providing the investor with an attractive increase in revenue and a hedge against inflation.
STRATEGIC RETAIL LOCATION: The property is strategically located along Boynton Beach Boulevard (SR 804), the area’s primary commercial and commuter corridor, and benefits from outstanding frontage and visibility. The Property is a pad site to the Cobblestone Commons, a newer construction grocery anchored shopping center, and is 1-mile from the Baptist Health Bethesda Hospital West and 1.25-miles from US Highway 441 and the Florida Turnpike. The area has seen explosive growth and development including a recently developed Chipotle and Chick-fil-A, both positioned across the street. The area is home to countless national retailers that drive traffic to the area and densely populated residential neighborhoods that provide a built-in customer base.
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