Del Taco (GL)

1492 Tamiami Trail, Port Charlotte, FL 33948

$2,889,000

Cap Rate 4.50%

Views: 55 DOM: 81 Updated: 08.22.24 Posted: 06.19.24 Status: Active

Summary

Price $2,889,000	Built/Renov 2024	Tenant Del Taco (GL)
Cap Rate 4.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,370	Lease Start 04-01-2024	#Units 100
Price/SF $1,218.99	Expiration 04-01-2044	Tenant Type Fast Food/QSR
NOI $130,000	R. Term 19.7	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 escalations throughout the initial term and option periods
Absolute NNN | 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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Key Features

New construction
Signalized intersection
Dense retail corridor
Shopping Ctr out-parcel
Top 100 MSA
Income tax free state
Brand new lease
Long 20+ yr lease
Absolute NNN
100+ unit franchisee backed

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Links

Del Taco Wikipedia Del Taco Wikipedia Port Charlotte, Florida Zip Code 33948 Drone Video Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Del Taco
Guarantor:Franchisee
Company:Tim Cloe
# Units:100
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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Listing Broker

William Wamble

SRS National Net Lease Group

Contact

171 Listings
14861 Views
40 Sold

Patrick Nutt

SRS National Net Lease Group

Contact

247 Listings
19879 Views
83 Sold

William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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