Investment Offering
Del Taco - Colton, CA
864 West Valley Blvd | Colton, CA 92324
$3,133,000
Price4.5%
Cap Rate$141,000
NOI2,891
± SF Offering GLA0.71
± AC Land AreaDescription
SRS National Net Lease Group is offering the opportunity to acquire the fee simple interest (land and building) in a freestanding, corporate guaranteed, absolute net leased, single tenant, Del Taco located in Colton, CA. The tenant, Del Taco, LLC, executed a 15-year lease that has 12.5 years remaining with no landlord responsibilities. The lease features CPI adjusted rent increases every 5 years (maximum 10%) during the primary term and at the beginning of each 3 (5-year) option period, which generates steady NOI growth and hedges against inflation.
Location
The subject property is located on the signalized, hard corner of West Valley Boulevard and North Rancho Avenue (combined 29,200 VPD). The subject property is extremely well positioned by being directly off highly traveled Interstate 10/San Bernardino Fwy (196,000 VPD). Within a 5-mile radius of the subject property, there are more than 310,000 residents with an annual average household income of $55,158 who support the trade area.
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215