Taco chain primarily located in the Southern and Western portions of the country.
Del Taco are an attractive net lease tenant as a result of their strong rental increases throughout the term, triple net leases, and long lease terms ensuring the property will be filled for years to come. Locations are usually comprised of a 2,000-2,500 SF building featuring a drive through window, on a parcel of about 1 acre. Deals typically are NNN, relieving the owner from any landlord responsibilities. Other attractive features pertaining to this tenant is that the building follows a common design so can easily be filled with a new tenant, and are located in areas with high visibility to traffic.
Started in 1964, Del Taco (short for Delicious Taco) came onto the restaurant scene in Yermo, California. In the 1980’s, Del Taco began to expand to approximately 350 restaurants, mostly in California. Today, Del Taco trades on the NASDAQ stock exchange under the ticker symbol TACO and has 580 restaurants across 14 states, with the highest concentration in the Pacific Southwest. A unique offering to this concept is it’s dual menus, a combination of Mexican-inspired and traditional American, allowing it to attract a wider customer base.