Restaurant
Del Taco - Next to FSU (44,600+ Students)
2410 Apalachee Pkwy, Tallahassee, FL 32301
Listing Price: $3,185,000
Cap Rate
5.65%
Tenant Name
Del Taco
Years Remaining On Lease
19.4
Gross SF
3,325
Guarantor
Franchisee Guarantee
Rentable SF
3,325
Price/Gross SF
$957.89
Lease Type
Absolute Net
Rent Per Square Feet
$54.12
Investment Overview
2410 Apalachee Pkwy, Tallahassee, FL
Del Taco - Next to FSU (44,600+ Students)
Investment Highlights
- 20 Year Absolute Net (NNN) Lease with Rare 10% Rental Increases Every 5 Years: No Landlord Responsibilities
- Leased to Consolidated Restaurant Group (#153 in Top 200 Restaurant Franchisees Nationwide): Tenant Operates 80+ Burger Kings and has a Development Agreement with Del Taco for 12 Units
- Del Taco – 2024 Fast Food Champion: Surpassed Chick-Fil-A in the Highly Anticipated Annual List by Food Chain Magazine (July 2024)
- Next to Florida State University, Florida A&M University, and Tallahassee State College Totaling 70,000 Students
- Frontage Along Apalachee Parkway with 39,000 VPD: Major Thoroughfare Passes Governors Square Shopping Mall with 1M SF of Retail and Connects to Florida State University (44,600+ Students) and Florida State Capital Building
- Only Del Taco in 20 Mile Radius Offering a Unique Market Advantage
- Strong Demographics: Located in the Densely Populated Tallahassee Market, with over 150,000 Residents within a 5-Mile Radius
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $3,185,000
Cap Rate
5.65%
Tenant Name
Del Taco
Years Remaining On Lease
19.4
Gross SF
3,325
Guarantor
Franchisee Guarantee
Rentable SF
3,325
Price/Gross SF
$957.89
Lease Type
Absolute Net
Rent Per Square Feet
$54.12
Investment Highlights
- 20 Year Absolute Net (NNN) Lease with Rare 10% Rental Increases Every 5 Years: No Landlord Responsibilities
- Leased to Consolidated Restaurant Group (#153 in Top 200 Restaurant Franchisees Nationwide): Tenant Operates 80+ Burger Kings and has a Development Agreement with Del Taco for 12 Units
- Del Taco – 2024 Fast Food Champion: Surpassed Chick-Fil-A in the Highly Anticipated Annual List by Food Chain Magazine (July 2024)
- Next to Florida State University, Florida A&M University, and Tallahassee State College Totaling 70,000 Students
- Frontage Along Apalachee Parkway with 39,000 VPD: Major Thoroughfare Passes Governors Square Shopping Mall with 1M SF of Retail and Connects to Florida State University (44,600+ Students) and Florida State Capital Building
- Only Del Taco in 20 Mile Radius Offering a Unique Market Advantage
- Strong Demographics: Located in the Densely Populated Tallahassee Market, with over 150,000 Residents within a 5-Mile Radius
Investment Overview
2410 Apalachee Pkwy, Tallahassee, FL
Exclusively Listed By
Broker of Record
Financing By
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