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DOM: 298 Updated: 04.11.24 Posted: 04.23.23 Status: Sold 02.16.24

Summary

Price $3,189,000 $3,189,000
Built/Renov 2023
Tenant Torchy's Tacos
Cap Rate 6.00% 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,077
Lease Start 06-01-2023
#Units 100
Price/SF $782.19 $782.19
Expiration 05-31-2038
Tenant Type Fast Casual/Rest.
NOI $191,302
R. Term 13.1
Ownership Fee Simple
Rent/SF $46.92
Increases 10.0%/5/yrs
Pop 5Mi 235,260
Lot/AC 1.00
Options 4/5yrs/10%
AHHI 5Mi $124,531

Lease Highlights

  • Brand new 2023 construction
  • Torchy’s Tacos recently signed a brand new 15 year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at each option period
  • Absolute NNN lease featuring zero landlord responsibilities
  • Corporate guarantee by Torchy's Tacos

Location Description

This newly constructed Torchy’s Tacos is strategically located on West Dublin-Granville Road (Hwy 161) seeing over 19,000 vehicles per day. The location is strategically located along a dense retail corridor featuring national/credit tenants including Whole Foods, Trader Joe’s, Shake Shack, Lowe’s, Tim Hortons and many more. Additionally, Torchy’s Tacos is less than 5 miles away from Ohio...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Torchy's Tacos
  • Guarantor:Corporate
  • Company:Torchy's Tacos
  • # Units:100
  • Stock:Private

About Tenant

The Torchy’s Tacos story began 16 years ago in Austin, TX, when a man with a dream bought a food trailer and a vibrant red Vespa. Mike Rypka, founder of Torchy’s Tacos, built a menu out of...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,845 96,262 238,199
2023 Total Population : 11,698 95,975 234,742
2023 Employed Civilian Pop : 6,984 55,978 132,768
2023 Total Businesses : 633 4,232 10,202
2023 Average Household Income : $ 106,215 $ 126,535 $ 138,893
2023 Total Consumer Spending : $ 517 M $ 4460 M $ 11652 M
2023 Median Age : 34 38 39
2023 Total Households : 5,618 41,000 98,365
2023 Pop Age 25+: Bachelor's Degree : 3,285 25,821 63,811
2023 Average Home Value : $ 314,384 $ 356,156 $ 390,342
*ESRI data is presented for informational purposes only

Listing Broker

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