Del Taco NNN Investment
8787 Owenfield Dr, Powell, OH 43065
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NNN leased Del Taco with a 20-year primary term.
Type:Retail
Property size:
2,459 SFLot size:
0.84 AcresPrice / SF:
$1,230/SF- Added:
- Nov 14, 2024
- Days on Market:
- 562
- Last Refresh:
- May 12 at 9:45 pm
Property Features for 8787 Owenfield Dr
General Information
- Standard status
- Active
- Size
- 2,459 SF
- Lot size
- 0.84 Acres
- Property subtype
- Retail
Listing agent Eric Carlton License #CA 01809955
Listing office Colliers - Los Angeles - Orange County, California (949) 724-5552
Listing date Nov 14, 2024
Source Crexi
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 Colliers - Los Angeles - Orange County, California
HighLights
- Absolute NNN lease with zero landlord responsibilities, providing passive income.
- 20‑year primary lease term with three 5‑year option periods, ensuring long‑term stability.
- 10% rental increases every 5 years, offering built‑in income growth.
- Located in a high‑traffic area (49,700 VPD) as a Home Depot outparcel, ensuring visibility and customer flow.
- Strong tenant: Del Taco, now owned by Jack in the Box Inc. (NASDAQ: JACK), a publicly traded company.
- Proximity to Polaris Center of Commerce, Polaris Fashion Place, and JPMorgan Chase's Polaris Campus, indicating a strong economic hub.
Overview
This offering presents an opportunity to acquire a single-tenant, absolute NNN leased Del Taco property in Powell, OH. Del Taco, acquired by Jack in the Box Inc. in 2022, operates over 590 locations across 15 states. The newly renovated 2,459 square foot building includes a drive-thru and is situated on a 0.84-acre parcel. The new triple net lease features a 20-year primary term, with three 5-year option periods and zero landlord responsibilities. The lease includes 10% rental increases every 5 years. The property is strategically positioned as a Home Depot outparcel, benefiting from combined traffic counts exceeding 49,700 vehicles per day. Nearby retailers include Walmart Supercenter, The Home Depot, BJ’s Wholesale Club, Meijer, ALDI, Bank of America, Chase Bank, McDonald’s, Chipotle, and Starbucks. The 1,200-acre Polaris Center of Commerce, Columbus’ premier destination for shopping, dining, entertaining, working and living, is located only two miles from the property. Polaris Fashion Place, a 1.47 million square foot super regional mall, attracts over 10.3 million visitors annually and is one of the largest malls in the Midwest. JPMorgan Chase recently completed renovations on their 2 million square foot Polaris Campus, which houses over 12,000 employees.
Property Profile
Location Intelligence
Current Use by Public Records
Drive through restaurants
Map
- City
- Powell
- County
- Butler
- State
- Ohio
- Longitude
- -83.0808
- Latitude
- 40.1701
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FAQs
What type of property is this?
Drive through restaurant - NNN leased Del Taco with a 20-year primary term.
Where is this drive through restaurant located?
The property is located at 8787 Owenfield Dr Powell, OH.
What is the asking price?
The asking price for this property is $3,027,000.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities, providing passive income.; 20‑year primary lease term with three 5‑year option periods, ensuring long‑term stability.; 10% rental increases every 5 years, offering built‑in income growth.
