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Restaurant

Corporate Del Taco - #1 Location in Michigan

14570 Southfield Rd, Allen Park, MI 48101

Listing Price: $2,140,000

Cap Rate
5.75%
Tenant Name
Del Taco
Years Remaining On Lease
7.4
Guarantor
Corporate Guarantee
Rentable SF
2,967
Lease Type
Absolute Net
Rent Per Square Feet
$41.47

Investment Overview

Absolute-Net Lease | Zero Landlord Responsibilities:
7.5 Years Remaining On Corporate-Guaranteed Absolute-NNN Lease Structure Eliminates Landlord Expense Obligations, Including Roof, Structure, Taxes And Maintenance

10% Increase Occurring In 2.5 Years:
Scheduled Rental Escalations Provide Contractual NOI Growth Throughout The Primary Term And Extension Periods

High-Visibility Corner Parcel Along Southfield Road (69,460 VPD):
Located On A 0.77-Acre Signalized Corner Site With Excellent Access, Prominent Frontage And Dedicated Parking

Adjacent To Major New Development | 110,000 SF Mixed Use Project:
Property is Adjacent to New Development — Including 7 New Commercial Mixed-Use Retail Buildings, 4-Story Hotel, and Car Wash

Renovated Prototype Location Modernized In 2019:
Originally Constructed In 2001 And Significantly Renovated In 2019 To Align With Del Taco’s Updated Operating Format

Strategic Access To I-94 & Major Regional Thoroughfares:
The Property Benefits From Immediate Connectivity To I-94, Southfield Road And The Downriver Detroit Transportation Corridor

Investment Highlights

  • Absolute-Net Lease | Zero Landlord Responsibilities
  • 10% Increase Occurring In 2.5 Years
  • High-Visibility Corner Parcel Along Southfield Road (69,460 VPD)
  • Adjacent To Major New Development | 110,000 SF Mixed Use Project
  • Renovated Prototype Location Modernized In 2019
  • Strategic Access To I-94 & Major Regional Thoroughfares

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s) MI: 6502433613

    Michigan

Restaurant

Corporate Del Taco - #1 Location in Michigan

Listing Price: $2,140,000

Cap Rate
5.75%
Tenant Name
Del Taco
Years Remaining On Lease
7.4
Guarantor
Corporate Guarantee
Rentable SF
2,967
Lease Type
Absolute Net
Rent Per Square Feet
$41.47

Investment Highlights

  • Absolute-Net Lease | Zero Landlord Responsibilities
  • 10% Increase Occurring In 2.5 Years
  • High-Visibility Corner Parcel Along Southfield Road (69,460 VPD)
  • Adjacent To Major New Development | 110,000 SF Mixed Use Project
  • Renovated Prototype Location Modernized In 2019
  • Strategic Access To I-94 & Major Regional Thoroughfares

Investment Overview

Absolute-Net Lease | Zero Landlord Responsibilities: 7.5 Years Remaining On Corporate-Guaranteed Absolute-NNN Lease Structure Eliminates Landlord Expense Obligations, Including Roof, Structure, Taxes And Maintenance 10% Increase Occurring In 2.5 Years: Scheduled Rental Escalations Provide Contractual NOI Growth Throughout The Primary Term And Extension Periods High-Visibility Corner Parcel Along Southfield Road (69,460 VPD): Located On A 0.77-Acre Signalized Corner Site With Excellent Access, Prominent Frontage And Dedicated Parking Adjacent To Major New Development | 110,000 SF Mixed Use Project: Property is Adjacent to New Development — Including 7 New Commercial Mixed-Use Retail Buildings, 4-Story Hotel, and Car Wash Renovated Prototype Location Modernized In 2019: Originally Constructed In 2001 And Significantly Renovated In 2019 To Align With Del Taco’s Updated Operating Format Strategic Access To I-94 & Major Regional Thoroughfares: The Property Benefits From Immediate Connectivity To I-94, Southfield Road And The Downriver Detroit Transportation Corridor

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s): MI: 6502433613

    Michigan

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