Skip to main content

Restaurant

Taco Star

520 S Circle Dr, Colorado Springs, CO 80910

Listing Price: $1,370,000

Cap Rate
6.65%
Tenant Name
Taco Star
Years Remaining On Lease
5.0
Guarantor
Personal Guarantee
Rentable SF
2,047
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.42

Investment Overview

This is an opportunity to buy a NNN Fast Food Restaurant pad operating under the Taco Star franchise. It is located in Colorado Springs off the busy intersection of South Circle Drive (27,800vpd) and Airport Road (16,200vpd) and has close proximity to national tenants such as Save-A-Lot, Walgreens, Family Dollar, 7-Eleven, and Planet Fitness. Taco Star is a 2,047-square foot freestanding restaurant with drive-thru, that went through an extensive renovation in 2013 as well as further improvements in 2021. The large 0.68 AC lot provides ample parking (42 surface spots), and has plenty of room for drive-thru overflow. Although Taco Star’s current lease ends in September with a 3-year option to extend, they have indicated a desire to sign a new 5-year lease at close of escrow. Colorado Springs has a population of 480,000 people. It is the 2nd most populous city in Colorado (after Denver) and the 39th most populous city in the United States. It consistently receives high rankings such as the No. 1 Best Big City in "Best Places to Live" by Money magazine, #1 Outside Magazine's list of America's Best Cities and #2 on U.S. News list of most desirable cities. With its location at the base of the Rocky Mountains and its many trails and parks, Colorado Springs has long been popular as a destination for tourists seeking scenery, rock formations and other unique geological features. The iconic Broadmoor Resort, located only 6 miles away, is the longest-running consecutive winner of both the AAA Five-Diamond and the Forbes Travel Guide Five-Star awards.

Investment Highlights

  • Next To Busy Intersection with 44,000 VPD
  • Full Remodel Completed 2013
  • Population Growing 6% Over Next 5-Years
  • 132,750 People Within 3 Miles
  • Dining Room Features High Ceilings
  • Newly Surfaced Parking Lot
  • Located Two Blocks off US Route 24 Exit
  • Surrounded by Nearby Schools

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Listing Price: $1,370,000

Cap Rate
6.65%
Tenant Name
Taco Star
Years Remaining On Lease
5.0
Guarantor
Personal Guarantee
Rentable SF
2,047
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.42

Investment Highlights

  • Next To Busy Intersection with 44,000 VPD
  • Full Remodel Completed 2013
  • Population Growing 6% Over Next 5-Years
  • 132,750 People Within 3 Miles
  • Dining Room Features High Ceilings
  • Newly Surfaced Parking Lot
  • Located Two Blocks off US Route 24 Exit
  • Surrounded by Nearby Schools

Investment Overview

This is an opportunity to buy a NNN Fast Food Restaurant pad operating under the Taco Star franchise. It is located in Colorado Springs off the busy intersection of South Circle Drive (27,800vpd) and Airport Road (16,200vpd) and has close proximity to national tenants such as Save-A-Lot, Walgreens, Family Dollar, 7-Eleven, and Planet Fitness. Taco Star is a 2,047-square foot freestanding restaurant with drive-thru, that went through an extensive renovation in 2013 as well as further improvements in 2021. The large 0.68 AC lot provides ample parking (42 surface spots), and has plenty of room for drive-thru overflow. Although Taco Star’s current lease ends in September with a 3-year option to extend, they have indicated a desire to sign a new 5-year lease at close of escrow. Colorado Springs has a population of 480,000 people. It is the 2nd most populous city in Colorado (after Denver) and the 39th most populous city in the United States. It consistently receives high rankings such as the No. 1 Best Big City in "Best Places to Live" by Money magazine, #1 Outside Magazine's list of America's Best Cities and #2 on U.S. News list of most desirable cities. With its location at the base of the Rocky Mountains and its many trails and parks, Colorado Springs has long been popular as a destination for tourists seeking scenery, rock formations and other unique geological features. The iconic Broadmoor Resort, located only 6 miles away, is the longest-running consecutive winner of both the AAA Five-Diamond and the Forbes Travel Guide Five-Star awards.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

MM Texture Background
MM Textured Background Lower