Del Taco

2760 U.S. 331, DeFuniak Springs, FL 32435

$3,044,000

Cap Rate 6.00%

Views: 168 DOM: 93 Updated: 11.14.24 Posted: 09.19.24 Status: Active

Summary

Price $3,044,000	Built/Renov 2024	Tenant Del Taco
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,300	Lease Start 04-01-2024	#Units 80
Price/SF $1,323.48	Expiration 03-31-2044	Tenant Type Fast Food/QSR
NOI $182,652	R. Term 19.3	Ownership Fee Simple
Rent/SF $79.41	Increases 7.5%/5/yrs	Pop 5Mi 11,233
Lot/AC 0.80	Options 4/5yrs/7.5%	AHHI 5Mi $77,722

Lease Highlights

Brand new 2024 construction with drive-thru
Del Taco has 19+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 7.5% rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Established Del Taco operator with 80+ Del Taco units across Florida & Georgia

Location Description

Del Taco is strategically located on US-331, with access to 31,500 vehicles passing by daily. The property is in close proximity to its junction with I-10, which sees 20,157 VPD. It is adjacent to the new Country Ridge Estates subdivision, which will feature 180 new single-family residences, 120 townhomes, and a 7-acre commercial site. Additionally, the site is across the street from the...

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Key Features

New construction
Dense retail corridor
Near major nationals
Freeway close
Highway location
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
50+ unit franchisee backed

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Links

Del Taco Wikipedia Del Taco Wikipedia DeFuniak Springs, Florida Zip Code 32435 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Del Taco
Guarantor:Franchisee
Company:Consolidated Restaurant Group
# Units:80
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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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
United States Highway 331 N	Bob McCaskill Dr	2005	6,600	1.36 mi
US Highway 331 North	Walton Rd	2021	8,300	1.97 mi
County Highway 192	Crowder Rd	2021	550	2.43 mi
Shoemaker Drive	Walton Rd	2021	2,200	2.62 mi
County Highway 1883	Triple G Rd	2005	800	2.64 mi
Nelson Ave W	United States Hwy 331 N	2005	8,000	2.75 mi
State Highway 83	Clarks Landing R	2021	8,200	2.79 mi
Nelson Ave W	United States Hwy 331 N	2005	13,900	2.82 mi
US Highway 90 West	Rose Ln	2021	14,400	2.94 mi
Walton Road	Fallen Heroes Wa	2021	3,400	2.94 mi

Listing Broker

Putnam Daily

Fisher James Capital

Contact

91 Listings
11244 Views
24 Sold

Lindsey Snider

Fisher James Capital

Contact

67 Listings
8736 Views
18 Sold

Putnam Daily

Putnam Daily is the Managing Partner at Fisher James Capital and provides services to private and institutional capital clients on the disposition and acquisition of leased investment properties. Putnam has extensive experience representing developers, owners, and private capital clients on the sale of single and multi-tenant commercial properties nationwide; with a focus on newly constructed retail, industrial, and medical opportunities, he has completed nearly $8 billion in transactions total

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Lindsey Snider

Lindsey Lantis Snider is a Partner at Fisher James Capital, advising institutional and private capital clients on the disposition and acquisition of leased investment properties nationwide. Lindsey has over 15 years of experience specializing in the sale of single tenant retail properties, multi-tenant shopping centers, sale-leaseback portfolio dispositions, and 1031 exchange transactions. Lindsey attended Santa Clara University and holds a Bachelor of Science from the business school with a m

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Vahe Nokhoudian

Fisher James Capital

Contact

24 Listings
2654 Views
5 Sold

Vahe Nokhoudian

Fisher James Capital is based in San Francisco with partners in Silicon Valley and the East Bay. Specializing in leased investment brokerage, the partners represent private and institutional capital clients on the disposition and acquisition of single and multi-tenant commercial properties nationwide. This multi-market approach works to align capital into sound investments with a specific strategy positioning newly constructed properties to passive investors.

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