Del Taco Ground Lease
1098 ENCHANTED WAY, Simi Valley, CA 93065
Passive net lease investment with zero landlord responsibilities.
Type:Retail
Property size:
2,495 SFPrice / SF:
$1,282/SF- Added:
- Nov 21, 2025
- Days on Market:
- 176
- Last Refresh:
- Apr 5 at 10:42 pm
Property Features for 1098 ENCHANTED WAY
General Information
- Standard status
- Active
- Size
- 2,495 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing agent Gary Seaton License #CalDRE #00713834 (805) 277-4021
Listing office (805) 277-4021
Listing date Nov 21, 2025
Source Naiglobal
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Gary Seaton
HighLights
- Absolute NNN ground lease provides zero landlord responsibilities, offering a truly passive investment.
- Strong franchisee (32 units) personally guarantees the lease, enhancing investment security.
- Prime location with outstanding frontage on First St. and Enchanted Way, adjacent to the 118 Freeway, boasting high visibility.
- Located at the western entrance to the Simi Town Center, a 600,000 sf open‑air shopping, dining, and entertainment center, driving significant traffic.
- Rent increases scheduled: 15% in 1/2028 and 10% every 5 years thereafter, providing built‑in income growth.
- This Del Taco location has the highest income of the 4 Del Taco locations in Simi Valley.
Overview
This is a well-seasoned ground lease with 5 years remaining on the initial 20-year term, and includes 3 five-year options to extend. The lease features a 15% rent increase due 1/2028, with 10% increases every 5 years thereafter. It is an absolute NNN ground lease. The location is operated and personally guaranteed by a strong franchisee with 32 units (9 Del Tacos and 23 Papa Johns). This Del Taco location has the highest income of the 4 Del Taco locations in Simi Valley. The property has outstanding frontage along First St. (AKA Auto Center Dr.) and Enchanted Way, directly to and adjacent with eastbound and westbound visibility from the 118 Freeway, which sees more than 94,000/108,000 vehicles per day. It is located at the western entrance to the Simi Town Center, a 600,000 square foot open-air shopping, dining, and entertainment center. The property is located on the southwest hard corner, and is a Del Taco fast food drive-thru. It is located at the gateway to the Auto Center Row (118 Fwy & First St) and adjacent to 5,000,000+ square feet of industrial/office space. This is a rare opportunity to acquire a passive net lease investment with zero landlord responsibilities. The property size is 2495 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Del Taco
Restaurant
Location Insight
- Map
- Local Demand
- City
- Simi Valley
- County
- Ventura
- State
- California
- Longitude
- -118.78
- Latitude
- 34.283
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Passive net lease investment with zero landlord responsibilities.
Where is this drive through restaurant located?
The property is located at 1098 ENCHANTED WAY Simi Valley, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Absolute NNN ground lease provides zero landlord responsibilities, offering a truly passive investment.; Strong franchisee (32 units) personally guarantees the lease, enhancing investment security.; Prime location with outstanding frontage on First St. and Enchanted Way, adjacent to the 118 Freeway, boasting high visibility.
