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Restaurant

Del Taco - 20 YR NNN

23601 US-23, Circleville, OH 43113

Listing Price: $2,900,000

Cap Rate
6.00%
Tenant Name
Del Taco
Years Remaining On Lease
19.7
Guarantor
Personal Guarantee
Rentable SF
2,418
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$71.96

Investment Overview

Del Taco Restaurants, Inc. (NASDAQ: TACO) is an American fast food restaurant chain specializing in American-style Mexican cuisine, as well as American foods such as burgers, fries and shakes. The company is the second-largest Mexican-American quick service restaurant chain by units in the United States. With approximately 600 restaurants and growing, Del Taco has built a loyal fan base with its commitment to serving high-quality food made with freshly prepared ingredients at affordable prices. Circleville is a city in and the county seat of Pickaway County, Ohio. Set along the Scioto River, it is approximately 25 miles south of Columbus. As of 2019, it's estimated population was at 14,050 people. The city is best known today as the host of the Circleville Pumpkin Show, an annual festival held every October since 1945, drawing in over 400,000 visitors each year.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Del Taco
  • Eight Percent Rental Increases Every Five Years
  • Growing Circleville Trade Area in the Columbus MSA
  • 20,334 Residents within a Five-Mile Radius
  • Personal Guarantee from Multi Unit Del Taco Franchisee under an Eight Store Development Agreement for Columbus, Ohio MSA
  • New High-Quality 2020 Construction
  • Outparcel to Rural King Shopping Center
  • Situated in Dense Retail Corridor - Walmart, Rural King, ALDI, Tractor Supply Co, McDonald's, Taco Bell and More

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $2,900,000

Cap Rate
6.00%
Tenant Name
Del Taco
Years Remaining On Lease
19.7
Guarantor
Personal Guarantee
Rentable SF
2,418
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$71.96

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Del Taco
  • Eight Percent Rental Increases Every Five Years
  • Growing Circleville Trade Area in the Columbus MSA
  • 20,334 Residents within a Five-Mile Radius
  • Personal Guarantee from Multi Unit Del Taco Franchisee under an Eight Store Development Agreement for Columbus, Ohio MSA
  • New High-Quality 2020 Construction
  • Outparcel to Rural King Shopping Center
  • Situated in Dense Retail Corridor - Walmart, Rural King, ALDI, Tractor Supply Co, McDonald's, Taco Bell and More

Investment Overview

Del Taco Restaurants, Inc. (NASDAQ: TACO) is an American fast food restaurant chain specializing in American-style Mexican cuisine, as well as American foods such as burgers, fries and shakes. The company is the second-largest Mexican-American quick service restaurant chain by units in the United States. With approximately 600 restaurants and growing, Del Taco has built a loyal fan base with its commitment to serving high-quality food made with freshly prepared ingredients at affordable prices. Circleville is a city in and the county seat of Pickaway County, Ohio. Set along the Scioto River, it is approximately 25 miles south of Columbus. As of 2019, it's estimated population was at 14,050 people. The city is best known today as the host of the Circleville Pumpkin Show, an annual festival held every October since 1945, drawing in over 400,000 visitors each year.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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