1720 Superior Ave
Costa Mesa, CA 92627
Del Taco · Retail Property For Sale

Corporate Del Taco - #1 Operated Store in System Marcus & Millichap is pleased to present for sale the generational opportunity to acquire a Del Taco that has not seen the marketplace in 50 years. This property is the number one company operated restaurant in the entire Del Taco system. The lease will have a new 20-year lease and will feature increases every five years based off of the Consumer Price Index (not to exceed 10 percent) to provide an excellent hedge against inflation. The tenant has four, five year options to renew as well, creating a possible 40-year lease term. Situated at the intersection of 17th Street and Newport Boulevard the property has excellent visibility from vehicles in all directions. That intersection oversees 124,000 vehicles-per-day making Newport Boulevard one of the most traveled streets in all of Orange County. The property benefits from excellent sight lines and over 500 linear feet of frontage on Newport Boulevard (CA-55), 17th Street and Superior Avenue. The surrounding communities are also some of the most affluent in the nation and feature notable neighborhoods such as Dover Shores, Newport Heights, Balboa Peninsula and Balboa Island with many homes valued over $3,000,000.