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RETAIL NEWS
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Van Nuys Fast Food Property Trades for Over $900/sf

5/04/17

A 4k sf Pollo Campero restaurant in Van Nuys sold for $3.65 mil in a deal that worked out to $907/sf and a cap rate of 5.63%. The property is located at 7249 Van Nuys Blvd, at the southwest corner of Van Nuys and Wyandotte St, along a strong retail corridor with numerous national retailers.

The building, originally constructed in 1999 as a freestanding drive-through fast food restaurant, sits on a retail pad as part of a vibrant shopping center that houses Super King market, Habit Burger, and other retailers. The property is 100% leased to a Pollo Campero local area franchisee.

Pollo Campero is a highly successful quick-casual restaurant concept serving authentic Latin flavor dishes and is considered the home of Authentic Latin Chicken. It is the largest Latin chicken restaurant in the world. There are more than 67 locations in the U.S. and more than 300 Pollo Campero restaurants around the world.

Sheri Messerlian with NAI Capital and Glenn Matsushima of Matsushima Realty represented the seller, SKG Investments LLC. The buyer was Sid & THOM LLC.





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