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Views: 111 DOM: 119 Updated: 10.30.24 Posted: 07.25.24 Status: Active

Summary

Price $2,817,391
Built/Renov 2024
Tenant Del Taco
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,800
Lease Start 01-01-2024
#Units 1
Price/SF $1,006.21
Expiration 12-31-2044
Tenant Type Fast Food/QSR
NOI $162,000
R. Term 20.1
Ownership Fee Simple
Rent/SF $57.86
Increases 10.0%/5/yrs
Pop 5Mi 81,295
Lot/AC 1.00
Options 4/5yrs/10%
AHHI 5Mi $76,488

Lease Highlights

  • Brand-new 2024 construction
  • 20-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Blue Bonnet Taco, Inc.

Location Description

Del Taco is strategically located on Pepperell Parkway, with access to 25,471 vehicles passing by daily. The property is immediately surrounded by well-known national tenants, including Best Buy, Walmart, Pizza Hut, Tropical Smoothie Cafe, Taco Bell, and more. The 5-mile trade area supports a population of 81,295 residents with an average household income of $76,488. Opelika is a city in and...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Del Taco
  • Guarantor:Franchisee
  • Company:Blue Bonnet Taco, Inc.
  • # Units:1
  • Stock: NASDAQ: JACK

About Tenant

Del Taco Restaurants Inc. is an American fast-food restaurant chain specializing in American-style Mexican cuisine and American foods such as burgers, fries, and shakes. Founded in 1964 in Yermo,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 4,234 36,582 93,282
2024 Total Population : 4,012 34,127 87,004
2024 Employed Civilian Pop : 1,933 16,179 40,001
2024 Total Businesses : 354 2,057 3,348
2024 Average Household Income : $ 66,632 $ 85,094 $ 87,051
2024 Total Consumer Spending : $ 95 M $ 1082 M $ 2673 M
2024 Median Age : 34 34 30
2024 Total Households : 1,602 14,323 34,659
2024 Pop Age 25+: Bachelor's Degree : 848 6,041 14,301
2024 Average Home Value : $ 239,274 $ 307,690 $ 352,784
*ESRI data is presented for informational purposes only

Listing Broker

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