Restaurant
Del Taco - Walmart, Lowes, Sam's Club & Best Buy Anchored Power Center
24023 E Prospect Ave, Aurora, CO 80016
Listing Price: $2,758,426
Investment Overview
The Deltondo Group and Marcus & Millichap are pleased to present for sale Del Taco a single-tenant property located at 24023 E Prospect Avenue, Aurora, Colorado 80016. ? 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. Across from Walmart, Lowes, Sam's Club, & Best Buy Anchored Power Centers. Del Taco has excellent visiblity from South Southlands Parkway which is passed by over 19,773 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 - Walmart, Lowes, Sam's Club & Best Buy Anchored Power Center
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 18 Years; in 2022 Del Taco achieved $1,638,486 in store sales last year equating to a 8.5% Rent-to-Sales Ratio.
- Prominent Location & Excellent Visibility: Del Taco is Located with Frontage on South Southlands Parkway (19,773 VPD) Situated in the Heart of a Major Retail Corridor.
- Excellent Demographics: The Average Household Income within a 3 Mile Radius Exceeds $165,000+.
- 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.
- Surrounded by National Retailers: Walmart, Lowes, Sam's Club, Best Buy, Home Depot, Dicks Sporting Goods, Barnes & Noble, Maurices, AMC, Safeway, Qdoba, On the Boarder, Ross, Party City, Petco, Olive Garden, Red Lobster, and Starbucks to Name a Few.
Broker of Record
Financing By
Restaurant
Del Taco - Walmart, Lowes, Sam's Club & Best Buy Anchored Power Center
Listing Price: $2,758,426
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 18 Years; in 2022 Del Taco achieved $1,638,486 in store sales last year equating to a 8.5% Rent-to-Sales Ratio.
- Prominent Location & Excellent Visibility: Del Taco is Located with Frontage on South Southlands Parkway (19,773 VPD) Situated in the Heart of a Major Retail Corridor.
- Excellent Demographics: The Average Household Income within a 3 Mile Radius Exceeds $165,000+.
- 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.
- Surrounded by National Retailers: Walmart, Lowes, Sam's Club, Best Buy, Home Depot, Dicks Sporting Goods, Barnes & Noble, Maurices, AMC, Safeway, Qdoba, On the Boarder, Ross, Party City, Petco, Olive Garden, Red Lobster, and Starbucks 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 24023 E Prospect Avenue, Aurora, Colorado 80016. ? 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. Across from Walmart, Lowes, Sam's Club, & Best Buy Anchored Power Centers. Del Taco has excellent visiblity from South Southlands Parkway which is passed by over 19,773 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
