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Del Taco 23650 Lyons Ave 1,876 SF Retail Building Santa Clarita, CA 91321 $2,860,160 CAD ($1,524.61 CAD/SF) 4.51% Cap Rate
INVESTMENT HIGHLIGHTS
- Del Taco executed a new long-term lease, committing to the location for ten (10) years with two (2), five (5)-year options.
- The rent increases every five (5) years providing superior rental growth compared to similar net lease properties.
- Conveniently located as an out-parcel to a Smart & Final-anchored shopping center, drawing a consistent customer base to the property.
- Del Taco has been operating at this location for over 40 years and has shown commitment to this location after executing the new lease.
- Fully stabilized drive-thru product in Southern California is an extremely competitive market.
- The Tenant is currently paying below market rents, mitigating risk and allowing for upside in future rental income.
EXECUTIVE SUMMARY
Rare Corporate NNN Investment
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,876 SF
Building Class
B
Year Built
1983
Price
$2,860,160 CAD
Price Per SF
$1,524.61 CAD
Cap Rate
4.51%
NOI
$128,916 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 | $501,696 CAD |
| Land Assessment | $2,365,137 CAD | Total Assessment | $2,866,832 CAD |
PROPERTY TAXES
Parcel Number
2830-001-015
Land Assessment
$2,365,137 CAD
Improvements Assessment
$501,696 CAD
Total Assessment
$2,866,832 CAD
CONTACTS
-
Patrick Wade -
Alex Kozakov -
Matthew Greenberg -
Bo Henderson -
Jack Webber -
Vivian Tran -
CBRE, Inc.
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Del Taco | 23650 Lyons Ave
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