Opelika, AL - Del Taco

Description:

• The tenant, Blue Bonnet Taco, Inc, is operating under a 20-year lease with 4 (5-year) options to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
• The newly-constructed building features a state-of-the-art design with high-quality materials
• Del Taco is one of the largest Mexican QSR brands in the country that serves more than three million guests each week with 600+ locations in 15 states and was names the #1 food brand in 2024 by USA Today

• The asset is fronting Pepperell Pkwy (27,300 VPD), the main retail corridor serving Opelika and the Auburn trade area
• Part of larger retail development with Valvoline, a future car wash, and another retail user on the east pad of the site
• The trade area is supported by surrounding retailers such as Walmart Supercenter, Valvoline, Planet Fitness, and more
• The multi-family units to the south will provide a steady, consistent consumer base from which to draw