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We are pleased to present to qualified investors an opportunity to purchase a trophy, single-tenant NNN in Orlando, FL with premium tenant Del Taco in a brand-new build-to-suit building on a 20-year corporate-backed lease (fee simple – land & building).
Founded in 1964, today Del Taco serves more than three million guests each week at its ~600 restaurants across 16 states. Del Taco recently became a subsidiary of Jack in the Box (NASDAQ: JACK) in 2022, a publicly-traded, S&P 600 company that lends even more financial backing to the strength of this lease. Combined the company has more than 2,800 locations across 25 states.
This property is located at one of the most premier retail locations in the country at the intersection of E Colonial Drive (State Route 50) and Maguire Boulevard in the heart of Orlando, FL. Adjacent to national retailers Floor & Décor, Macy’s, and Dillard’s; this site is also next to traffic draws that include Target, Burlington, ALDI, PetSmart, Joann Fabric, Marshalls, Bealls, Ulta, Total Wine, Big Lots, Sprouts, Five Below, Petco, Hobby Lobby, Bath & Body Works, Ross, and Dick’s Sporting Goods. As further testament to this class-A location, the site sees over 83,000 Cars Per Day at the signalized intersection. Additional national retailers nearby also include Planet Fitness, Crunch Fitness, LongHorn Steakhouse, Panera Bread, Chipotle, Starbucks, Pei Wei, Chick Fil-A, Noodles and Company, Goodyear, Take 5, Firestone, Verizon, T-Mobile, Hot Topic, Sunglasses Hit, Old Navy, and Men’s Wearhouse. This is a rare opportunity to purchase a brand-new trophy, single tenant absolute NNN Del Taco on world-class real estate in an income tax-free state.
Investment Highlights
Absolute NNN Corporate Lease – Brand New 2024 Store
20 Year Lease Term – Fee Simple (Land & Building)
World-Class Trophy Hard Corner Location
E Colonial Dr (SR 50)/Maguire Blvd with 83,000 VPD
Del Taco (NASDAQ: JACK) – Jack in the Box Inc.: S&P 600 Component
$1.47 Billion Revenues in 2023
Orlando, Florida – Income Tax – Free State
Population of 307,113 in a 5-Mile Radius
Average HHI $123,491 in a 3-Mile Radius
Nearby Major Traffic-Generating Retailers – Include Target, Burlington, ALDI, PetSmart, Joann Fabric, Marshalls, Bealls, Ulta, Total Wine, Big Lots, Sprouts, Five Below, Petco, Hobby Lobby, Bath & Body Works, Ross, Dick’s Sporting Goods, and Others
Scheduled Rental Increases – Brand New Construction
Tenants Pays for CAM, Tax, Insurance, and Responsible for Roof/Structure
Legacy Coupon Clipper Asset – Premier Pride of Ownership
Zero Management Expenses
2,304 SF Building on 0.66 Acres
Attractive 10% Fixed Increases Every 5 Years – Hedge against Inflation
