Corporate Del Taco - Generational Trophy Asset

Description:

BRAND NEW CORPORATE GUARANTEED DEL TACO (NASDAQ: TACO)
• New 20 Year Ground Lease with Corporate Del Taco (566 Locations in 16 States)
• Absolute Net Lease (Zero Landlord Responsibilities)
• Great Hedge Against Inflation - Lease Features CPI Increases (Capped at 10%) with Four, 5-Year Tenant Options to Renew
• Tenant Just Completed Full Exterior & Interior Conversion - $1.3M in Capital Expenditures (Not Including FF&E)
• High Barrier of Entry Location - No New Drive-Thru Restaurants Permitted in the City
• Rare Opportunity to Own One of Ten Drive-Thru Restaurants in the whole City of Santa Monica

AAA LOCATION – GENERATIONAL TROPHY ASSET - LOS ANGELES/ SANTA MONICA, CALIFORNIA
• Located on Iconic Wilshire Boulevard, Which Oversees Over 32,712 VPD; Close Proximity to I-10 (Exceeds 289,000 VPD) and I-405 (Exceeds 374,000 VPD)
• 480,000 People within a 5-mile Radius with an Average Household Income of $130,000+ Only 2.4 Miles from Santa Monica Pier (Over 8.7 Million Visitors in 2017 with the Average Visitor Spending $166 a Day; $1.96 Billion Dollars generated by tourism to local economy) and 1.8 miles From the Pristine Santa Monica Coastline
• 1.9 Miles to Third Street Promenade - A 156,084-Square Foot Upscale Shopping, Dining and Entertainment Complex – 6.3 Million Visitors Annually
• 5.5 Miles to Rodeo Drive - More Than 100 World-Renowned Stores and Hotels
• Near VA West Los Angeles Health Care Centers – 600 Beds and 600,000 Patients a Year and Ronald Reagan UCLA Medical Center – 34,000 Patients a Year
• Los Angeles International Airport (8.7 Miles) - Second-Busiest Commercial Airport in the Nation with 48.3M Visitors in 2017
• 2.8 Miles from UCLA Campus which has 45,000+ Annual Students
• 12.6 Miles from USC Campus which has 45,500+ Annual Students
• 1.3 Miles from University High School which has 1,671 Annual Students
• 1.7 Miles from Santa Monica High School which has 2,950 Annual Students
• 1.3 Miles from Santa Monica Community College which has 30,000 Annual Students

Documents: