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Restaurant

Del Taco (Leasehold Interest)

10015 Central Ave NE, Albuquerque, NM 87123

Listing Price: $830,951

Cap Rate
7.50%
Tenant Name
Del Taco
Guarantor
Franchisee Guarantee
Rentable SF
2,162
Lease Type
Absolute Net
Rent Per Square Feet
$27.36

Investment Overview

The Deltondo Group and Marcus & Millichap are please to present for sale the leasehold interest in a single-tenant property located at 10015 Central Avenue Northeast, Albuquerque, New Mexico 87123. The subject property is comprised of 2,162 square feet, built in 2007 and will undergo a complete remodel in the next 18-months. Del Taco is located on Central Avenue which oversees ±37,800 vehicles per day and is less than 1-mile from interstate-40 which oversees ±145,000 vehicles per day. Del Taco, the nation’s second largest Mexican quick service restaurant chain, is carrying tremendous momentum into the first quarter of 2021. Despite pandemicinduced pressures, the brand was resilient during the initial COVID-19 slowdown and began to thrive during the second half of 2020. This led to their eighth consecutive year of positive franchise same store sales growth which provides a great trajectory for the brand as it continues through 2021. Underscoring their tremendous performance, franchised locations have enjoyed topline sales strength that far exceeds industry trends.

Investment Highlights

  • Rare Leasehold Interest (Land is not Included) Opportunity: High Yield Investment with 12-Unit Guaranty; Property is 100% Depreciable, Providing Increased Cash Flow
  • Absolute-Net Lease: Del Taco has 25-Years Remaining with 12% Increases Every 5-Years Including the Four, 5-Year Options to Extend the Term
  • 20 Years of Operating History at this Location: Del Taco will be Committing to another 25 Year Lease Term at this High Performing Location

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Restaurant

Del Taco (Leasehold Interest)

Listing Price: $830,951

Cap Rate
7.50%
Tenant Name
Del Taco
Guarantor
Franchisee Guarantee
Rentable SF
2,162
Lease Type
Absolute Net
Rent Per Square Feet
$27.36

Investment Highlights

  • Rare Leasehold Interest (Land is not Included) Opportunity: High Yield Investment with 12-Unit Guaranty; Property is 100% Depreciable, Providing Increased Cash Flow
  • Absolute-Net Lease: Del Taco has 25-Years Remaining with 12% Increases Every 5-Years Including the Four, 5-Year Options to Extend the Term
  • 20 Years of Operating History at this Location: Del Taco will be Committing to another 25 Year Lease Term at this High Performing Location

Investment Overview

The Deltondo Group and Marcus & Millichap are please to present for sale the leasehold interest in a single-tenant property located at 10015 Central Avenue Northeast, Albuquerque, New Mexico 87123. The subject property is comprised of 2,162 square feet, built in 2007 and will undergo a complete remodel in the next 18-months. Del Taco is located on Central Avenue which oversees ±37,800 vehicles per day and is less than 1-mile from interstate-40 which oversees ±145,000 vehicles per day. Del Taco, the nation’s second largest Mexican quick service restaurant chain, is carrying tremendous momentum into the first quarter of 2021. Despite pandemicinduced pressures, the brand was resilient during the initial COVID-19 slowdown and began to thrive during the second half of 2020. This led to their eighth consecutive year of positive franchise same store sales growth which provides a great trajectory for the brand as it continues through 2021. Underscoring their tremendous performance, franchised locations have enjoyed topline sales strength that far exceeds industry trends.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

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