Del Taco 23650 Lyons Ave 1,876 SF Retail Building Santa Clarita, CA 91321 $2,925,883 CAD ($1,559.64 CAD/SF) 4.51% Cap Rate
INVESTMENT HIGHLIGHTS
- Recent Ten (10)-Year Lease Extension with Options - Del Taco executed a new long-term lease.
- Rare Fifteen Percent (15%) Rental Increases - The rent increases every five (5) years providing superior rental growth.
- Out-Parcel to a Grocery-Anchored Shopping Center - Conveniently located as an out-parcel to a Smart & Final-anchored shopping center.
- Long-Term Tenant - Del Taco has been operating at this location for over 40 years and has shown commitment to this location.
- Lower Price Point Corporate Guarantee - Fully stabilized drive-thru product in Southern California is an extremely competitive market.
- Below Market Rents - The Tenant is currently paying below market rents, mitigating risk and allowing for upside in future rental income.
EXECUTIVE SUMMARY
Del Taco | Rare Corporate NNN Investment
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,876 SF
Building Class
B
Year Built
1983
Price
$2,925,883 CAD
Price Per SF
$1,559.64 CAD
Cap Rate
4.51%
NOI
$131,879 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.32 AC
Zoning
SCCP
Parking
10 Spaces (5.33 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signalized Intersection
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2830-001-015 | Improvements Assessment | $503,440 CAD |
| Land Assessment | $2,373,360 CAD | Total Assessment | $2,876,800 CAD |
CONTACTS
-
Patrick Wade -
Alex Kozakov -
Matthew Greenberg -
Jack Webber -
Bo Henderson -
Vivian Tran -
CBRE, Inc.
