2760 Us Highway 331 S Defuniak Springs, FL 32435
New Del Taco with 20-year NNN lease in Defuniak Springs.
Property size:
2,300 SFLot size:
1.37 AcresProperty Features for 2760 Us Highway 331 S
General Information
- Size
- 2,300 SF
- Lot size
- 1.37 Acres
Source:
Moodyscre
Listing Agent: Drew Duncan
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Development Del Taco Restaurant
This new development features a Del Taco restaurant with a 20-year absolute NNN lease, commenced in May 2024, requiring zero landlord responsibilities. The lease includes 7.50% rental increases every 5 years throughout the primary term and option periods. Situated on a Tractor Supply Company outparcel, the property benefits from proximity to national retail tenants such as Chick-fil-A, Whataburger, KFC, and McDonald's, attracting significant customer traffic. The area is experiencing explosive growth, with over 400 residential rooftops planned, numerous multi-family developments underway, and a 300+ acre Veterans Lodge development across the road. The property offers excellent visibility along US Highway 331, which sees a daily traffic of over 31,500 vehicles. The lease is guaranteed by Consolidated Restaurant Group, which operates and franchises seven restaurant brands across the US and internationally. Located 25 miles from Santa Rosa Beach on the Emerald Coast, the property benefits from year-round tourist traffic, contributing to a total economic impact of over $7.2 billion for Walton County. Lake DeFuniak is 4 miles away, providing recreational activities in the DeFuniak Springs area. The property size is 2,300 square feet.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Defuniak Springs
- County
- Walton
- State
- Florida
- Longitude
- -86.1239496
- Latitude
- 30.6822956
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FAQs
What type of property is this?
Drive through restaurant - New Del Taco with 20-year NNN lease in Defuniak Springs.
Where is this drive through restaurant located?
The property is located at 2760 Us Highway 331 S Defuniak Springs, FL.
What is the asking price?
The asking price for this property is $3,230,000.
What are key features of this property?
This property features: - Absolute NNN lease with zero landlord responsibilities, providing a completely passive investment.; - New 20-year Del Taco lease commenced in May 2024, offering long-term stability.; - Guaranteed by Consolidated Restaurant Group, a large and established operator.