22349 El Toro Rd - Fast Food FOR SALE


Lake Forest, CA 92630
$5,889,000 USD
949-419-3273
22349 El Toro Rd, Lake Forest, CA for Sale
$5,889,000 USD
Fast Food - FOR SALE
1/5
null | 4.5% Cap Rate

22349 El Toro Rd
Lake Forest, CA 92630


HIGHLIGHTS

  • Brand New 20-Year Absolute NNN Lease in Prime Orange County with Over 20 Years of Occupational History
  • Features 10% Rental Increases Every Five Years with a Corporate Guaranty
  • Features Easy Access and Excellent Visibility on El Toro Road to over 33,000 Vehicles Per Day
  • 141,000 People Reside in a Three-Mile Radius, Over 310,000 in a Five-Mile Radius
  • $141,000 per year and $147,000 per year in a Three-Mile Radius and Five-Mile Radius, Respectively.
  • Numerous Schools Nearby with Strong Student Populations

OVERVIEW

The subject property is a Del Taco built in 1985, renovated in 2005 and 2015, in Lake Forest, CA. Del Taco signed a twenty-year absolute triple net lease with 10% increases every five (5) years. Del Taco is a privately held company and has an annual revenue north of $374 million.

FOR SALE DETAILS

PRICE

$5,889,000 USD

PRICE/SF

$1,340 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,499 SF

ZONING

-

APN/PARCEL ID

613-262-15

ASK ABOUT THIS PROPERTY

Blake DaveyMarcus & MillichapMore Info
949-419-3273

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Blake DaveyMarcus & MillichapMore Info
949-419-3273

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.