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Restaurant

Taco John's

1701 S Main St, Lamar, CO 81052

Listing Price: $1,166,667

Cap Rate
6.00%
Tenant Name
Taco John's
Guarantor
Franchisee Guarantee
Rentable SF
2,316
Lease Type
Absolute Net
Rent Per Square Feet
$30.22

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Taco John's a single-tenant property located at 1701 South Main Street, Lamar, Colorado 81052. ? The subject property is comprised of 2,316 square feet, built-in 1978 and will be completly remodeled in 2023. Situated on South Main Street, Taco John's is passed by over 11,787 VPD.  ? Starting as a small taco stand in Cheyenne, WY back in 1968, their one-of-a-kind tacos and other bold flavors were an instant hit in the community. Two local businessmen wanted to share these unique flavors with the world. So, they purchased the franchise rights in 1969 and named the restaurant after the man who started it all – John. Ever since that very first taco stand, Taco John’s has been all about bringing the flavor. From handmade salsas and classic Crispy Tacos with freshly-made shells to their signature Potato Olés, they know how to Olé The Day. Today, Taco John’s operates and franchises nearly 400 restaurants in 23 states – making it one of the largest Mexican quick-service restaurant brands in America.

Investment Highlights

  • Absolute-Net (Zero Landlord Responsibilities): New 20 Year Lease with 7.5% Rental Increases Every 5 Years Including the Four, 5 Year Options.
  • Experienced Operator: 35+ Years of Operating Experience with 40 QSR Units Across Colorado, Oklahoma, Washington, Wyoming & Oregon.
  • 1/2 Mile From Hospital: Powers Medical Center has 71 Nurses and 115 Support Staff, Taco John's is Passed by Hospital Traffic on Memorial Drive (8,968 VPD).

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Restaurant

Taco John's

Listing Price: $1,166,667

Cap Rate
6.00%
Tenant Name
Taco John's
Guarantor
Franchisee Guarantee
Rentable SF
2,316
Lease Type
Absolute Net
Rent Per Square Feet
$30.22

Investment Highlights

  • Absolute-Net (Zero Landlord Responsibilities): New 20 Year Lease with 7.5% Rental Increases Every 5 Years Including the Four, 5 Year Options.
  • Experienced Operator: 35+ Years of Operating Experience with 40 QSR Units Across Colorado, Oklahoma, Washington, Wyoming & Oregon.
  • 1/2 Mile From Hospital: Powers Medical Center has 71 Nurses and 115 Support Staff, Taco John's is Passed by Hospital Traffic on Memorial Drive (8,968 VPD).

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Taco John's a single-tenant property located at 1701 South Main Street, Lamar, Colorado 81052. ? The subject property is comprised of 2,316 square feet, built-in 1978 and will be completly remodeled in 2023. Situated on South Main Street, Taco John's is passed by over 11,787 VPD.  ? Starting as a small taco stand in Cheyenne, WY back in 1968, their one-of-a-kind tacos and other bold flavors were an instant hit in the community. Two local businessmen wanted to share these unique flavors with the world. So, they purchased the franchise rights in 1969 and named the restaurant after the man who started it all – John. Ever since that very first taco stand, Taco John’s has been all about bringing the flavor. From handmade salsas and classic Crispy Tacos with freshly-made shells to their signature Potato Olés, they know how to Olé The Day. Today, Taco John’s operates and franchises nearly 400 restaurants in 23 states – making it one of the largest Mexican quick-service restaurant brands in America.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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