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Views: 111 DOM: 155 Updated: 10.16.24 Posted: 06.19.24 Status: Active

Summary

Price $2,600,000
Built/Renov 2024
Tenant Del Taco (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,370
Lease Start 04-01-2024
#Units 100
Price/SF $1,097.05
Expiration 04-01-2044
Tenant Type Fast Food/QSR
NOI $130,000
R. Term 19.4
Ownership Ground Lease
Rent/SF $54.85
Increases 10.0%/5/yrs
Pop 5Mi 97,600
Lot/AC 0.61
Options 3/5yrs/10%
AHHI 5Mi $83,100

Lease Highlights

  • Brand-new 2024 construction
  • New 20-year ground lease with 3 (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 Tim Cloe (100 units backed)

Location Description

Del Taco is strategically located at the signalized, hard corner intersection of Tamiami Trail and Murdock Circle, with access to a combined daily traffic count of 76,500 vehicles. The property is near Port Charlotte Town Center, a regional mall that serves as the only enclosed shopping center within a 30-mile radius. The immediate area is surrounded by well-known national tenants including a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 : 4,168 46,243 108,412
2024 Total Population : 3,935 42,177 101,106
2024 Employed Civilian Pop : 985 16,415 39,969
2024 Total Businesses : 954 2,115 3,676
2024 Average Household Income : $ 72,038 $ 84,257 $ 88,200
2024 Total Consumer Spending : $ 119 M $ 1325 M $ 3250 M
2024 Median Age : 63 53 52
2024 Total Households : 1,856 17,733 41,715
2024 Pop Age 25+: Bachelor's Degree : 595 5,003 12,618
2024 Average Home Value : $ 543,229 $ 447,305 $ 433,428
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Tamiami Trail Veterans Blvd 2022 40,000 0.11 mi
Murdock Circle Tamiami Trl 2022 11,000 0.12 mi
Tamiami Trail Frizzell Ln NW 2022 48,500 0.31 mi
El Jobean Rd Veterans Blvd 2005 25,500 0.33 mi
Murdock Circle Education Way 2022 14,500 0.48 mi
Paulson Drive Woodbury Dr 2022 4,500 0.48 mi
Tamiami Trl Toledo Blade Blvd 2005 58,500 0.50 mi
Cochran Boulevard Cochran Blvd 2022 18,000 0.55 mi
Cochran Boulevard Cochran Blvd 2022 18,000 0.62 mi
Cochran Boulevard Barksdale St 2022 18,000 0.67 mi

Listing Broker

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