DEL TACO | $2,371,087 | 5.00% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Del Taco a single-tenant property located at 11147 Pikes Peak Drive, Parker (Denver MSA) Colorado 80138.
Del Taco will sign a new 20 year absolute-net lease at the close of escrow. The new lease calls for 7.5% rental increases every 5 years including the Four, 5 year options. Near Walmart, Home Depot, and Target, Del Taco has excellent visiblity from South Parker Road which is passed by over 53,800+ vehicles per day.
Founded in 1964, Del Taco is a uniquely positioned brand leader within the QSR+ segment with nearly 600 locations. Including, 295 company-owned and 300 franchise locations within the United States. Del Taco is the #2 Mexican QSR (“MQSR”) concept in the US (by units) with scratch-made food items and a strong capability to deliver quality, flavor, convenience, and value. Experienced and tenured management successfully re-positioned Del Taco in 2013 to maximize the future opportunity for the brand. Del Taco’s performance has been extremely strong since 2013 and management is focused on new unit growth for the highly portable brand in order to take advantage of a massive white space opportunity as the largest MQSR competitor behind Taco Bell.