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Views: 163 DOM: 74 Updated: 11.14.24 Posted: 09.19.24 Status: Active

Summary

Price $3,044,000
Built/Renov 2024
Tenant Del Taco
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,300
Lease Start 04-01-2024
#Units 80
Price/SF $1,323.48
Expiration 03-31-2044
Tenant Type Fast Food/QSR
NOI $182,652
R. Term 19.4
Ownership Fee Simple
Rent/SF $79.41
Increases 7.5%/5/yrs
Pop 5Mi 11,233
Lot/AC 0.80
Options 4/5yrs/7.5%
AHHI 5Mi $77,722

Lease Highlights

  • Brand new 2024 construction with drive-thru
  • Del Taco has 19+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 7.5% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Established Del Taco operator with 80+ Del Taco units across Florida & Georgia

Location Description

Del Taco is strategically located on US-331, with access to 31,500 vehicles passing by daily. The property is in close proximity to its junction with I-10, which sees 20,157 VPD. It is adjacent to the new Country Ridge Estates subdivision, which will feature 180 new single-family residences, 120 townhomes, and a 7-acre commercial site. Additionally, the site is across the street from the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Del Taco
  • Guarantor:Franchisee
  • Company:Consolidated Restaurant Group
  • # Units:80
  • Stock: NASDAQ: JACK

About Tenant

Del Taco Restaurants Inc. is an American fast-food restaurant chain specializing in American-style Mexican cuisine and American foods such as burgers, fries, and shakes. Founded in 1964 in Yermo,...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
United States Highway 331 N Bob McCaskill Dr 2005 6,600 1.36 mi
US Highway 331 North Walton Rd 2021 8,300 1.97 mi
County Highway 192 Crowder Rd 2021 550 2.43 mi
Shoemaker Drive Walton Rd 2021 2,200 2.62 mi
County Highway 1883 Triple G Rd 2005 800 2.64 mi
Nelson Ave W United States Hwy 331 N 2005 8,000 2.75 mi
State Highway 83 Clarks Landing R 2021 8,200 2.79 mi
Nelson Ave W United States Hwy 331 N 2005 13,900 2.82 mi
US Highway 90 West Rose Ln 2021 14,400 2.94 mi
Walton Road Fallen Heroes Wa 2021 3,400 2.94 mi

Listing Broker

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