Restaurant
Del Taco - Outparcel to Target, Bass Pro Shops, & Harkins Theater
8100 Northfield Blvd, Denver, CO 80238
Listing Price: $2,560,611
Investment Overview
The Deltondo Group and Marcus & Millichap are pleased to present for sale Del Taco a single-tenant property located at 8100 East Northfield Boulevard, Denver, Colorado 80238. Del Taco will sign a new 20 year absolute-net lease at the close of escrow. The new lease calls for 7.5% rental increases every 5 years including the Four, 5 year options. Outparcel to The Shops at Northfiled, Del Taco is Anchored by Target, Bass Pro Shops, JCPenny, and Harkins Theaters. Del Taco has excellent visiblity from East Northfield Boulevard which is passed by over 37,500+ vehicles per day. Dicks Sportings Goods Park is an additional traffic generator located just 2 miles from Del Taco and host a guest max capacity of 27,000. Founded in 1964, Del Taco is a uniquely positioned brand leader within the QSR+ segment with nearly 600 locations. Including, 295 company-owned and 300 franchise locations within the United States. Del Taco is the #2 Mexican QSR (“MQSR”) concept in the US (by units) with scratch-made food items and a strong capability to deliver quality, flavor, convenience, and value. Experienced and tenured management successfully re-positioned Del Taco in 2013 to maximize the future opportunity for the brand. Del Taco’s performance has been extremely strong since 2013 and management is focused on new unit growth for the highly portable brand in order to take advantage of a massive white space opportunity as the largest MQSR competitor behind Taco Bell.
Del Taco - Outparcel to Target, Bass Pro Shops, & Harkins Theater
Investment Highlights
- Absolute-Net (Zero Landlord Responsibilities): New 20 Year Lease with 7.5% Rental Increases Every 5 Years Including the Three, 5 Year Options.
- Strong Operating History / Sales: Del Taco has Operated at this location for 16 Years; in 2022 Del Taco achieved $1,506,242 in store sales last year equating to a 8.5% Rent-to-Sales Ratio.
- Prominent Location & Excellent Visibility: Del Taco Fronts Along Northfield Boulevard (37,596 VPD).
- Outparcel to The Shops at Northfield: Anchored by Target, Bass Pro Shops, JCPenny, and Harkins Theaters The Shops at Northfield Have 1.2 Million Square Feet of Total Retail Floor Area.
- 2 Miles From Dicks Sporting Goods Park: A 18,000 Capacity Soccer Stadium Home to the Colorado Rapids Mens Professional Soccer Team. Dicks Sporting Goods Park is Also Used as a Concert Venue (27,000 Capacity).
- Jack in the Box Acquisition of Del Taco: March 2022 Jack in the Box inc. (NASDAQ: JACK) Purchased Del Taco Restaurants, Inc. (NASDAQ: TACO) for $585 Million Unlocking Significant Opportunities for Franchisees, Employees, Investors, and Guest Alike.
Broker of Record
Financing By
Restaurant
Del Taco - Outparcel to Target, Bass Pro Shops, & Harkins Theater
Listing Price: $2,560,611
Investment Highlights
- Absolute-Net (Zero Landlord Responsibilities): New 20 Year Lease with 7.5% Rental Increases Every 5 Years Including the Three, 5 Year Options.
- Strong Operating History / Sales: Del Taco has Operated at this location for 16 Years; in 2022 Del Taco achieved $1,506,242 in store sales last year equating to a 8.5% Rent-to-Sales Ratio.
- Prominent Location & Excellent Visibility: Del Taco Fronts Along Northfield Boulevard (37,596 VPD).
- Outparcel to The Shops at Northfield: Anchored by Target, Bass Pro Shops, JCPenny, and Harkins Theaters The Shops at Northfield Have 1.2 Million Square Feet of Total Retail Floor Area.
- 2 Miles From Dicks Sporting Goods Park: A 18,000 Capacity Soccer Stadium Home to the Colorado Rapids Mens Professional Soccer Team. Dicks Sporting Goods Park is Also Used as a Concert Venue (27,000 Capacity).
- Jack in the Box Acquisition of Del Taco: March 2022 Jack in the Box inc. (NASDAQ: JACK) Purchased Del Taco Restaurants, Inc. (NASDAQ: TACO) for $585 Million Unlocking Significant Opportunities for Franchisees, Employees, Investors, and Guest Alike.
Investment Overview
The Deltondo Group and Marcus & Millichap are pleased to present for sale Del Taco a single-tenant property located at 8100 East Northfield Boulevard, Denver, Colorado 80238. Del Taco will sign a new 20 year absolute-net lease at the close of escrow. The new lease calls for 7.5% rental increases every 5 years including the Four, 5 year options. Outparcel to The Shops at Northfiled, Del Taco is Anchored by Target, Bass Pro Shops, JCPenny, and Harkins Theaters. Del Taco has excellent visiblity from East Northfield Boulevard which is passed by over 37,500+ vehicles per day. Dicks Sportings Goods Park is an additional traffic generator located just 2 miles from Del Taco and host a guest max capacity of 27,000. Founded in 1964, Del Taco is a uniquely positioned brand leader within the QSR+ segment with nearly 600 locations. Including, 295 company-owned and 300 franchise locations within the United States. Del Taco is the #2 Mexican QSR (“MQSR”) concept in the US (by units) with scratch-made food items and a strong capability to deliver quality, flavor, convenience, and value. Experienced and tenured management successfully re-positioned Del Taco in 2013 to maximize the future opportunity for the brand. Del Taco’s performance has been extremely strong since 2013 and management is focused on new unit growth for the highly portable brand in order to take advantage of a massive white space opportunity as the largest MQSR competitor behind Taco Bell.
Broker of Record
Financing By
