Restaurant
Del Taco - 20 Year Absolute NNN
22349 El Toro Rd, Lake Forest, CA 92630
Listing Price: $6,235,000
Investment Overview
The property features a brand-new 20-year absolute NNN lease with Del Taco, which commenced on March 1, 2025. This lease includes a corporate guaranty and 10% rental increases every five years, underscoring its long-term investment appeal. Located in prime Orange County, the site boasts over 20 years of occupational history and excellent accessibility on El Toro Road, which sees over 33,000 vehicles daily. It is strategically positioned just two miles from Interstate 5 (354,000 vehicles per day) and three miles from the CA241 Toll Road (40,000 vehicles per day). The property is part of a vibrant retail corridor anchored by Stater Bros and complemented by co-tenants such as Starbucks, Chipotle, and FedEx. Additionally, it is directly across from a Grocery Outlet-anchored center with numerous
national retailers.
The location offers exceptional proximity to key community assets and affluent demographics. It is situated across from Cedar Glen, a luxury condominium community with 321 units, and near El Toro High School with over 2,000 students. The Irvine Spectrum Center, featuring more than 130 stores and restaurants, is just 2.2 miles away. Surrounding cities include Irvine, Mission Viejo, and Laguna Hills, while Del Taco’s corporate headquarters is only four miles away. The area is densely populated with approximately 141,000 residents within a three-mile radius and over 310,000 within five miles. The average household income exceeds $141,000 annually in the immediate vicinity. Nearby schools with strong student populations further enhance the property’s appeal as a central and thriving location for both retail and community engagement.
Del Taco - 20 Year Absolute NNN
Investment Highlights
- Brand New 20-Year Absolute NNN Lease in Prime Orange County with Over 20 Years of Occupational History.
- Features 10% Rental Increases Every Five Years with a Corporate Guaranty | Del Taco Commenced Paying Rent on Their New 20-Year Lease on March 1, 2025.
- Features Easy Access and Excellent Visibility on El Toro Road to over 33,000 Vehicles Per Day | Only Two Miles Off Interstate 5, The Golden State Freeway, with Over 354,000 Vehicles Per Day.
- Strong Retail Corridor – Located Within a Stater Bros Anchored Center | Strong Retail Synergy with Co-tenants Including Starbucks, Circle K, Chipotle, FedEx, H&R Block, Papa Johns, Supercuts, and many more.
- Excellent Centralized Location – Directly Across El Toro Road from Cedar Glen, a 321 Luxury Unit Condominium Community, Two Blocks from El Toro High School (Over 2,000 Students), 2.2 Miles from The Irvine Spectrum Center (Over 130 Stores and Restaurants).
- Features Dense Population and Highly Affluent Area – 141,000 People Reside in a Three-Mile Radius, Over 310,000 in a Five-Mile Radius, and an Impressive Average Household Income of $141,000 per year and $147,000 per year in a Three-Mile Radius and Five-Mile Radius, Respectively.
Exclusively Listed By
Financing By
Listing Price: $6,235,000
Investment Highlights
- Brand New 20-Year Absolute NNN Lease in Prime Orange County with Over 20 Years of Occupational History.
- Features 10% Rental Increases Every Five Years with a Corporate Guaranty | Del Taco Commenced Paying Rent on Their New 20-Year Lease on March 1, 2025.
- Features Easy Access and Excellent Visibility on El Toro Road to over 33,000 Vehicles Per Day | Only Two Miles Off Interstate 5, The Golden State Freeway, with Over 354,000 Vehicles Per Day.
- Strong Retail Corridor – Located Within a Stater Bros Anchored Center | Strong Retail Synergy with Co-tenants Including Starbucks, Circle K, Chipotle, FedEx, H&R Block, Papa Johns, Supercuts, and many more.
- Excellent Centralized Location – Directly Across El Toro Road from Cedar Glen, a 321 Luxury Unit Condominium Community, Two Blocks from El Toro High School (Over 2,000 Students), 2.2 Miles from The Irvine Spectrum Center (Over 130 Stores and Restaurants).
- Features Dense Population and Highly Affluent Area – 141,000 People Reside in a Three-Mile Radius, Over 310,000 in a Five-Mile Radius, and an Impressive Average Household Income of $141,000 per year and $147,000 per year in a Three-Mile Radius and Five-Mile Radius, Respectively.
Investment Overview
The property features a brand-new 20-year absolute NNN lease with Del Taco, which commenced on March 1, 2025. This lease includes a corporate guaranty and 10% rental increases every five years, underscoring its long-term investment appeal. Located in prime Orange County, the site boasts over 20 years of occupational history and excellent accessibility on El Toro Road, which sees over 33,000 vehicles daily. It is strategically positioned just two miles from Interstate 5 (354,000 vehicles per day) and three miles from the CA241 Toll Road (40,000 vehicles per day). The property is part of a vibrant retail corridor anchored by Stater Bros and complemented by co-tenants such as Starbucks, Chipotle, and FedEx. Additionally, it is directly across from a Grocery Outlet-anchored center with numerous national retailers. The location offers exceptional proximity to key community assets and affluent demographics. It is situated across from Cedar Glen, a luxury condominium community with 321 units, and near El Toro High School with over 2,000 students. The Irvine Spectrum Center, featuring more than 130 stores and restaurants, is just 2.2 miles away. Surrounding cities include Irvine, Mission Viejo, and Laguna Hills, while Del Taco’s corporate headquarters is only four miles away. The area is densely populated with approximately 141,000 residents within a three-mile radius and over 310,000 within five miles. The average household income exceeds $141,000 annually in the immediate vicinity. Nearby schools with strong student populations further enhance the property’s appeal as a central and thriving location for both retail and community engagement.
Exclusively Listed By
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
