Please Note: This sale is subject to a court confirmation and overbid hearing.
Lee & Associates, is please to offer for sale a fee simple Del Taco located on the Northwest corner of Van Buren and Wood Road with traffic counts exceeding 39,000 cars per day in the city of Riverside. This is the first time this Del Taco has been on the market and has been fully leased to Del Taco since its inception in 1980. The initial lease term was a 25 year lease plus 5% percentage rent. Del Taco exercised their last 5-year option starting on 2/15/2020 at $7,800 per month. There is a 5% percentage clause in addition to the base rent, however, sales have not been high enough for this clause to provide additional rent.
In addition, this property offers an investor the opportunity to purchase a NNN investment on a short term lease that can be restructured with Del Taco in the very near future or allow the investor to locate another QSR to lease the site under a new long term lease.
Del Taco is a leading brand in the fast-growing, quick-service restaurant (QSR) category, and has been providing freshly prepared, desirable food at an unbeatable value for over 50 years. With 600 locations in 16 states, Del Taco has a dedicated customer base and a strong presence in the western United States.
In 2021, Del Taco was acquired by Jack in the Box, a leader in the fast-food chain industry. The acquisition has resulted in a combined company with more than 2,800 locations across 25 states. This move has given Del Taco access to Jack in the Box's significant resources, allowing the company to expand its reach and continue to grow in the future.
Del Taco offers a unique experience, combining the convenience of a drive-thru with the quality of a fast-casual restaurant, serving a menu of Mexican-inspired favorites and American classics made with fresh and slow-cooked ingredients. Del Taco has a strong presence in the western United States and has a dedicated customer base, making it a top brand in the QSR category.
Strong Operating History: This property has been operationg as a Del Taco for over 40 years
Walking distance to Martin Luther King High School, which has over 3,000 students
Del Taco, LLC corporate guranteed lease
Located at a signalized hard corner intersection with 39,528 CPD
Fee simple ownership
Lee & Associates - Pasadena
License ID: 01290266
Overbid Hearing Date
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18990 Van Buren Boulevard, Riverside, CA, USA
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