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Del Taco Ground Lease, Loganville, GA

Del Taco Ground Lease

Price $2,560,000
Cap Rate 4.65%
NOI $119,000
Lease Term 20 Years
Lease Type Absolute NNN Ground Lease, with Tenant Responsible for all Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2019
Building Size 2,400 SF
Lot Size 0.77 Acres (33,541 SF)
Status Under Contract
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

NEW 20-YEAR NNN GROUND LEASE TO CORPORATE TENANT
» New 20-year NNN ground lease with no landlord responsibilities
» Corporate lease to Del Taco (NASDAQ: “TACO”), the second largest Mexican-American quick service restaurant chain by units in the United States, with more than 580 locations
» 10% rental increases every five years, providing an excellent hedge against inflation
» 2018 marked Del Taco’s sixth consecutive year of system-wide comparablerestaurant sales growth

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Located at the signalized intersection of U.S. Route 78 and Jimnet Lane, with excellent visibility and access to 39,000 vehicles per day
» U.S. Route 78 is Loganville’s primary retail corridor
» Directly across from North Logan Commons, a large power center anchored by Lowe’s and featuring PetSmart, T.J. Maxx, Dollar Tree, Anytime Fitness, OfficeMax, Dick’s Sporting Goods, and more
» Within walking distance of shopping centers anchored by Home Depot, Walmart Supercenter, and Publix

CENTRAL LOCATION IN FAST-GROWING ATLANTA SUBMARKET
» Near several large schools, including Grace Snell Middle School (1,173 students) and Loganville High School (1,509 students)
» 86,909 residents live within five miles of the property, and the population within the same area is expected to increase more than 10% by 2023

NEW 2019 CONSTRUCTION FEATURING DEDICATED DRIVE-THRU
» Built by tenant at tenant’s expense, demonstrating long-term commitment to the location
» Drive-thru provides additional customer convenience and caters to commuter traffic



Property Description

The property is conveniently located at the signalized intersection of U.S. Route 78 and Jimnet Lane, with excellent visibility and access to 39,000 vehicles per day. U.S. Route 78 is Loganville’s primary retail corridor, and the property is located near large shopping centers and nationally recognized retailers. The property is directly across from North Logan Commons, a large power center anchored by Lowe’s and featuring PetSmart, T.J. Maxx, Dollar Tree, Anytime Fitness, OfficeMax, Dick’s Sporting Goods, and more. Within walking distance of the property are shopping centers anchored by Home Depot, Walmart Supercenter, and Publix. Other notable retailers in the surrounding area include Aldi, Starbucks, Chick-fil-A, Ace Hardware, CVS, Kroger, and Walgreens.

The property is centrally located near several large schools, including Grace Snell Middle School (1,173 students) and Loganville High School (1,509 students). Additionally, the property is bordered by residential neighborhoods. The surrounding area’s population has grown rapidly in recent years, and the property is near several residential communities that have recently been completed or are under construction. Currently, 86,909 residents live within five miles of the property, and the population within the same area is expected to increase more than 10% by 2023. Similar amounts of population growth are expected within one- and three-mile radii as well.

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