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Restaurant

Del Taco - Located Just Off I-25 (175,000+ VPD)

11053 E I-25 Frontage Rd, Longmont, CO 80504

Listing Price: $2,928,055

Cap Rate
5.00%
Tenant Name
Del Taco
Guarantor
Franchisee Guarantee
Rentable SF
2,234
Lease Type
Absolute Net
Rent Per Square Feet
$65.53

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Del Taco a single-tenant property located at 11053 I-25 Frontage Road, Longmont, Colorado 80504. ? 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. Del Taco has excellent visiblity along interstate 25 (175,000+ VPD) I-25 is the main highway traveling from Denver to Fort Collins, CO & Cheyenne, WY as well as heading southbound to Colorado Springs, CO. 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.

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 15 Years; in 2022 Del Taco achieved $1,722,385 in store sales last year equating to a 8.5% Rent-to-Sales Ratio.
  • Prominent Location & Excellent Visibility: Del Taco is Located Along Interstate 25 (175,000+ VPD) I-25 is the Main Highway Traveling from Denver to Fort Collins, CO & Cheyenne, WY.
  • 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: The Home Depot, Carl's Jr, Popeyes, Jersey Mike's Subs, American Furniture Warehouse, Wendy's, Starbucks, Qdoba Mexican Grill, Taco Bell, Arby's, 7-Eleven, King Soopers, O'Reilly Auto Parts, McDonald's, Subway, KFC, Pizza Hut, and Burger King to Name a Few.

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Restaurant

Del Taco - Located Just Off I-25 (175,000+ VPD)

Listing Price: $2,928,055

Cap Rate
5.00%
Tenant Name
Del Taco
Guarantor
Franchisee Guarantee
Rentable SF
2,234
Lease Type
Absolute Net
Rent Per Square Feet
$65.53

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 15 Years; in 2022 Del Taco achieved $1,722,385 in store sales last year equating to a 8.5% Rent-to-Sales Ratio.
  • Prominent Location & Excellent Visibility: Del Taco is Located Along Interstate 25 (175,000+ VPD) I-25 is the Main Highway Traveling from Denver to Fort Collins, CO & Cheyenne, WY.
  • 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: The Home Depot, Carl's Jr, Popeyes, Jersey Mike's Subs, American Furniture Warehouse, Wendy's, Starbucks, Qdoba Mexican Grill, Taco Bell, Arby's, 7-Eleven, King Soopers, O'Reilly Auto Parts, McDonald's, Subway, KFC, Pizza Hut, and Burger King 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 11053 I-25 Frontage Road, Longmont, Colorado 80504. ? 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. Del Taco has excellent visiblity along interstate 25 (175,000+ VPD) I-25 is the main highway traveling from Denver to Fort Collins, CO & Cheyenne, WY as well as heading southbound to Colorado Springs, CO. 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

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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