Pollo Tropical Tenant Overview


  • Rental increases in the primary term
  • Long initial lease terms
  • No landlord responsibilities


  • Low cap rates
  • No credit rating
  • Non-Essential Retail

Tenant Description

Pollo Tropical is a QSR chain specializing in Mexican inspired food.

Pollo Tropical makes an attractive net lease investment because of their lease structure and buildings they occupy. Pollo Tropical tends to sign ground leases, relieving investors from all landlord responsibilities. Their leases typically feature strong rental increases during the primary term, providing a hedge against inflation. The buildings Pollo Tropical construct are highly versatile and can easily be converted to another QSR concept if Pollo Tropical were to vacate. Most of the Pollo Tropical locations have a drive-thru, increasing the appeal to any tenant looking to backfill the space.

Pollo Tropical opened its first restaurant in 1988 in Miami, FL. Today, Pollo Tropical has 137 locations across Florida and 9 in Georgia, with an average of $2.6 million in sales per location. Pollo Tropical is known for their fire-grilled chicken marinated in a blend of tropical fruit juices and spices.

Pollo Tropical is part of the Fiesta Restaurant Group, which owns Taco Cabana.

Average Cap Rate
12 mo avg with 10+ yr lease term
Average Property & Lease
Average Sale Price $2,731,500
NOI $206,387
$/Square Foot $740 - $975
Building SF 2,800 - 3,700
Lot Size 0.75 - 1.25 Acres
Lease Term 15 - 20 Years
Escalations Varies
Stock Symbol N/A
Credit Rating
Moody's N/A
Average Cap Rate Trend
Rates reflect last 12 mos, short and long-term
Recent Sales Comps
Pembroke Pines, FL 4.85%
Miami, FL 4.89%
Coral Springs, FL 3.12%