Del Taco - Lake Elsinore, CA

Description:

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 with a drive-thru located in Lake Elsinore, CA. The tenant, Del Taco, LLC, recently executed
a brand new 15-year lease with 12.5 years remaining and 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.

The subject property is located along Lakeshore Drive (19,000 vehicles per day). The Del Taco is
an outparcel to a shopping center anchored by Albertsons, generating strong tenant synergy and
crossover foot traffic. The property is also adjacent to a shopping center anchored by Stater Bros.
Markets, further increasing consumer traffic in the immediate trade area. Within a 5-mile radius
of the subject property, there are more than 70,000 residents with an annual average household
income of $72,000 who support the trade area.

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Listing ID: a284o000000iB0dAAE