Restaurant
Del Taco - Near Walmart, Home Depot, & Target
11147 S Pikes Peak Dr, Parker, CO 80138
Listing Price: $2,371,087
Investment Overview
The Deltondo Group and Marcus & Millichap are pleased to present for sale Del Taco a single-tenant property located at 11147 Pikes Peak Drive, Parker (Denver MSA) Colorado 80138. ? 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. Near Walmart, Home Depot, and Target, Del Taco has excellent visiblity from South Parker Road which is passed by over 53,800+ vehicles per day. 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 - Near Walmart, Home Depot, & Target
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.
- Strong Operating History / Sales: Del Taco has Operated at this location for 14 Years; in 2022 Del Taco achieved $1,394,757 in store sales last year equating to a 8.5% Rent-to-Sales Ratio.
- Prominent Location & Excellent Visibility: Del Taco Fronts ALong South Parker Drive (53,864 VPD) Situated in the Heart of a Major Retail Cooridor.
- Near Legend High School: The Largest School in Parker, Legend High School is Four Miles South of Del Taco with 2,230+ Students and 100+ Employees / Staff.
- 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.
- Sourounded by National Retailers: Target, Walmart, Best Buy, The Home Depot, Office Depot, Safeway, Kohl's, Bed Bath & Beyond, Hobby Lobby, Planet Fitness, Taco Bell, McDonald's, Starbucks, Jimmy John's, Freddy's Frozen Custard & Steakburgers, Jack in the Box, IHOP, Chili's Grill & Bar, and Texas Roadhouse to Name a Few.
Broker of Record
Financing By
Listing Price: $2,371,087
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.
- Strong Operating History / Sales: Del Taco has Operated at this location for 14 Years; in 2022 Del Taco achieved $1,394,757 in store sales last year equating to a 8.5% Rent-to-Sales Ratio.
- Prominent Location & Excellent Visibility: Del Taco Fronts ALong South Parker Drive (53,864 VPD) Situated in the Heart of a Major Retail Cooridor.
- Near Legend High School: The Largest School in Parker, Legend High School is Four Miles South of Del Taco with 2,230+ Students and 100+ Employees / Staff.
- 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.
- Sourounded by National Retailers: Target, Walmart, Best Buy, The Home Depot, Office Depot, Safeway, Kohl's, Bed Bath & Beyond, Hobby Lobby, Planet Fitness, Taco Bell, McDonald's, Starbucks, Jimmy John's, Freddy's Frozen Custard & Steakburgers, Jack in the Box, IHOP, Chili's Grill & Bar, and Texas Roadhouse to Name a Few.
Investment Overview
The Deltondo Group and Marcus & Millichap are pleased to present for sale Del Taco a single-tenant property located at 11147 Pikes Peak Drive, Parker (Denver MSA) Colorado 80138. ? 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. Near Walmart, Home Depot, and Target, Del Taco has excellent visiblity from South Parker Road which is passed by over 53,800+ vehicles per day. 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
