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Del Taco 2958 S Milliken Ave 2,383 SF 4-Star Retail Building Ontario, CA 91761 $3,843,632 CAD ($1,612.94 CAD/SF) 4.75% Cap Rate
Investment Highlights
- Dominant Brand, Corporate Tenancy – Del Taco is the second largest Mexican-American QSR chain in the US
- Scheduled Rental Increases – The lease is structured with 10% rental increases every 5 years
- High Traffic, Convenient Location – Directly off S Milliken Ave (±16,200 CPD) with immediate access to Route 60 (±197,400 CPD)
- Brand New NNN Ground Lease – Del Taco opened September 2025 on a 20-year NNN Ground Lease
- Complimentary Surrounding Tenants – Del Taco is strategically located alongside national tenants including Starbucks, 7-Eleven & Jack in the Box
Executive Summary
* Dominant Brand, Corporate Tenancy – Del Taco is the second largest Mexican-American QSR chain in the US with ±595 locations across 18 states, generating nearly $1 billion in annual US system-wide sales
* Brand New NNN Ground Lease – Del Taco opened September 2025 on a 20-year NNN Ground Lease, the most secure form of real estate investment, with 4 additional 5-year renewal options, demonstrating the tenant’s commitment to this location
* Scheduled Rental Increases – The lease is structured with 10% rental increases every 5 years, providing a stable and secure stream of income
* Complimentary Surrounding Tenants – Del Taco is strategically located alongside national tenants including Starbucks (opened October 2023), 7-Eleven (opened December 2024), and Jack in the Box (scheduled to open May 2026 – also available for sale), creating a point-of-destination retail location for residents, employees and travelers alike
* High Traffic, Convenient Location – Directly off S Milliken Ave (±16,200 CPD) with immediate access to Route 60 (±197,400 CPD), and Interstate 15 (±225,100 CPD), the property is optimally positioned for strong traffic flows
* Brand New NNN Ground Lease – Del Taco opened September 2025 on a 20-year NNN Ground Lease, the most secure form of real estate investment, with 4 additional 5-year renewal options, demonstrating the tenant’s commitment to this location
* Scheduled Rental Increases – The lease is structured with 10% rental increases every 5 years, providing a stable and secure stream of income
* Complimentary Surrounding Tenants – Del Taco is strategically located alongside national tenants including Starbucks (opened October 2023), 7-Eleven (opened December 2024), and Jack in the Box (scheduled to open May 2026 – also available for sale), creating a point-of-destination retail location for residents, employees and travelers alike
* High Traffic, Convenient Location – Directly off S Milliken Ave (±16,200 CPD) with immediate access to Route 60 (±197,400 CPD), and Interstate 15 (±225,100 CPD), the property is optimally positioned for strong traffic flows
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
2,383 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$3,843,632 CAD
Price Per SF
$1,612.94 CAD
Cap Rate
4.75%
NOI
$182,604 CAD
Tenancy
Single
Building Height
1 Story
Zoning
CC-Community Commercial
Frontage
233’ on Milliken Ave
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1083-361-25 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,422,712 CAD | Total Assessment | $1,422,712 CAD |
Property Taxes
Parcel Number
1083-361-25
Land Assessment
$1,422,712 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,422,712 CAD
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Del Taco | 2958 S Milliken Ave
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