1098 Enchanted Way Simi Valley, CA 93065

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.