Del Taco - New 20 Year Absolute NNN Lease

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.