Del Taco | 11+yrs Remain Abs NNN | Annual Inc | 804 S White Sands Blvd
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Del Taco | 11+yrs Remain Abs NNN | Annual Inc 804 S White Sands Blvd
2,524 SF Retail Building Alamogordo, NM 88310 $1,892,000 ($750/SF) 6.65% Cap Rate
Investment Highlights
- 11+ Years Remaining | Annual Increases | Options To Extend | Well Known & Established QSR Brand
- Retail Corridor | Drive-Thru Equipped | National/Credit Tenants |S. White Sands Blvd (23,100 VPD) | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, Del Taco investment property located in Alamogordo. The tenant, Diamondback DTNM, LLC has over 11 years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.5% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1964, Del Taco is one of the largest Mexican QSR brands in the country serving 3+ million guests each week at its nearly 600 restaurants across 17 states.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,524 SF
Year Built
2016
Price
$1,892,000
Price Per SF
$750
Cap Rate
6.65%
NOI
$125,835
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
0.78 AC
Zoning
C-3 - Business
Parking
31 Spaces (12.28 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R010035 | Improvements Assessment | $158,002 |
| Land Assessment | $118,615 | Total Assessment | $276,617 |
PROPERTY TAXES
Parcel Number
R010035
Land Assessment
$118,615
Improvements Assessment
$158,002
Total Assessment
$276,617
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Gregory White -
Chris Abdayem, CCIM -
CBRE, Inc.
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Del Taco | 11+yrs Remain Abs NNN | Annual Inc | 804 S White Sands Blvd
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