Pollo Campero Ground Lease | Next to Target/Lowes

Investment Highlights

TAMPA, FL | 3RD LARGEST MSA IN FL
• The property is located in the vibrant Gulf Coast city of Tampa, FL, the third most populous city in the state.
• Tampa Bay is home to Florida’s largest port, responsible for $15B in annual economic impact.
• Tampa has experienced significant economic growth in recent years, fueled by a booming job market and a diverse range of industries, including finance, healthcare, technology, tourism, and shipping.
• The city has received numerous awards for its quality of life, economic strength, development, and sustainability, most notably Time Magazine’s 2023 recognition as “One of the World’s Greatest Places to Live.”
• Tampa is part of the rapidly growing Tampa–St. Petersburg–Clearwater MSA, which now exceeds 3.3 million residents and ranks among the top 10 fastest-growing large metros in the U.S.
• It is also a major regional healthcare hub, home to institutions such as Tampa General Hospital and BayCare Health System.
• The area benefits from strong tourism demand, drawing over 30 million annual visitors to attractions like Busch Gardens and Gulf Coast beaches.
• Major employment drivers include Tampa International Airport (25M+ annual passengers), MacDill Air Force Base (15,000+ personnel), and top employers in healthcare, logistics, and technology.
• Florida remains one of seven states with no state income tax, supporting continued business and population growth.

5-MILE POPULATION: 256,769 WITH 9.06% GROWTH
• Tampa is one of the fastest-growing cities in Florida, with 256,769 residents within a 5-mile radius and 9.06% growth from 2010–2020.

DIRECTLY OFF HIGH-TRAFFIC HIGHWAY (95,307 VPD)
• The property is located on W. Waters Ave (39,000 VPD), just off SR-589 (95,307 VPD).
• SR-589 connects downtown Tampa to surrounding suburbs.

LOCATED NEAR INDUSTRIAL HUB (8.5M SF) & TAMPA INTERNATIONAL AIRPORT (25M PASSENGERS ANNUALLY)
• The surrounding area is a well-established industrial and logistics hub with over 8.5 million square feet of industrial space within a 2-mile radius.
• Nearby distribution centers include UPS, FedEx Ground, Rooms To Go, Amazon, and Tampa International Airport’s expanding cargo operations.
• The area benefits from strong employment drivers across distribution, tourism, and air cargo sectors.

NEXT TO TARGET & LOWE’S HOME IMPROVEMENT
• The site is positioned at a signalized intersection adjacent to a new Chipotle and a Target and Lowe’s anchored shopping center.
• Other nearby retailers include Publix, Walmart, Chick-fil-A, Panera Bread, Wawa, and more.
• The property is within walking distance of the Class-A Renaissance Center Business Park (840,000 SF, 98% leased).

15-YEAR GROUND LEASE CORPORATELY GUARANTEED BY POLLO CAMPERO
• This new 2,500 SF Pollo Campero is located at a signalized intersection adjacent to a new Chipotle Mexican Grill.
• The asset features a 15-year ground lease corporately guaranteed by Pollo Campero (400+ locations).
• The lease is triple-net, with the tenant responsible for all taxes, insurance, utilities, roof, and structure.
• The lease includes 10% rental increases every five years during the initial term and each of the four 5-year option periods.
• The store is open, and rent commenced in March 2025.

NATIONALLY RECOGNIZED QUICK-SERVICE CHICKEN BRAND WITH 400+ LOCATIONS
• Pollo Campero is a fast-growing international quick-service restaurant brand specializing in Latin-inspired chicken.
• The company operates more than 400 locations globally, including over 100 in the U.S., and has aggressive domestic expansion plans.
• Founded in 1971, Pollo Campero is backed by multi-billion-dollar parent company Corporación Multi Inversiones (CMI), a leading Latin American conglomerate.
• In 2019, the brand generated over $3.4 billion in sales and was named one of the “10 Best Fast Food Fried Chicken Chains” by USA Today in 2024.