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Del Taco - Absolute NNN Lease 8787 Owenfield Dr 2,459 SF Retail Building Powell, OH 43065 $3,027,000 ($1,230.99/SF) 5.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New Rare 20 Yr. Absolute NNN Lease with Del Taco - Fee Simple - Opening Soon!
- Experienced Multi Unit Operator Guarantee - Exclusive Territory Rights to Columbus MSA
- 2024 Prototype Remodel with Drivethru - 10% Bumps - Zero LL Duties - Strong Guarantee
- Irreplaceable PAD Site to Home Depot - Surrounded by Walmart/BJ’s Wholesale Club/Meijer
- Suburb of Columbus (State Capital) - Voted #6 “Best Cities for Gen Z” - Huge Business Growth
- Subsidiary of Jack in the Box (NASDAQ: JACK) - 2nd Largest Mexican Restaurant QSR in Country
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire the single tenant absolute NNN leased Del Taco in Powell, OH. Del Taco was purchased by Jack in the Box Inc. (NASDAQ: JACK) in 2022 and operates over 590 locations across 15 states. The new triple net lease has a 20-year primary term with three 5-year option periods, zero landlord responsibilities and 10% rental increases every 5 years making this asset ideal for an investor seeking passive cash flows for years to come.
The newly renovated 2,459 SF building with drive-thru on 0.84-acre parcel is strategically positioned as a Home Depot outparcel with combined traffic counts exceeding 49,700 VPD. Nearby retailers Include Walmart Supercenter, The Home Depot, BJ’s Wholesale Club, Meijer, ALDI, Bank of America, Chase Bank, McDonald’s, Chipotle, Starbucks and more. The 1,200-acre Polaris Center of Commerce is only two miles from the subject property and is Columbus’ premier destination for shopping, dining, entertaining, working and living. Polaris Fashion Place, a 1.47MM SF super regional mall, sees over 10.3 million visitors annually and is one of the largest malls in the Midwest. Additionally, JPMorgan Chase recently completed renovations on their state-of-the-art 2 million SF Polaris Campus with over 12,000 employees.
The newly renovated 2,459 SF building with drive-thru on 0.84-acre parcel is strategically positioned as a Home Depot outparcel with combined traffic counts exceeding 49,700 VPD. Nearby retailers Include Walmart Supercenter, The Home Depot, BJ’s Wholesale Club, Meijer, ALDI, Bank of America, Chase Bank, McDonald’s, Chipotle, Starbucks and more. The 1,200-acre Polaris Center of Commerce is only two miles from the subject property and is Columbus’ premier destination for shopping, dining, entertaining, working and living. Polaris Fashion Place, a 1.47MM SF super regional mall, sees over 10.3 million visitors annually and is one of the largest malls in the Midwest. Additionally, JPMorgan Chase recently completed renovations on their state-of-the-art 2 million SF Polaris Campus with over 12,000 employees.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,459 SF
Building Class
B
Year Built/Renovated
2002/2024
Price
$3,027,000
Price Per SF
$1,230.99
Cap Rate
5.55%
NOI
$168,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.84 AC
Zoning
Restaurant Drive In - 435 - Drive-In Restaurant or Food Service
Parking
26 Spaces (10.57 Spaces per 1,000 SF Leased)
Frontage
171’ on Owenfield Drive
AMENITIES
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 318-324-11-004-000 | Improvements Assessment | $135,770 |
| Land Assessment | $175,770 | Total Assessment | $311,540 |
PROPERTY TAXES
Parcel Number
318-324-11-004-000
Land Assessment
$175,770
Improvements Assessment
$135,770
Total Assessment
$311,540
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Del Taco - Absolute NNN Lease | 8787 Owenfield Dr
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