707 Main St Delta, CO 81416

Property Details for 707 Main St

Year built

1980

Lot size

0.20 lot acres

Property size

2,400 SF

Property type

Commercial real estate

APN

345724141002

Description

This exceptional investment opportunity presents a thriving Taco Time franchise in Delta, Colorado. Established for 45 years at 707 Main St, this single-unit restaurant boasts 2,400 square feet of net rentable space in a 0.2-acre lot, situated within a B-2 zoned area. The building, constructed in 1980 and renovated in 2023, operates at 100% occupancy, generating a strong Net Operating Income (NOI) of $210,340. The asking price for the property is $575,000. The property is available for purchase as an owner-user opportunity, or alternatively, a triple net (NNN) lease is available at $3,000 per month for a 10-year term with minimal annual increases. This includes storage in a rear building. The business itself has shown consistent growth, with gross sales exceeding $1,672,400 in 2023, representing a 5-6% annual increase. Seller financing is available with a 25% down payment and attractive terms. Low property taxes of $3,773 were paid in 2023. The franchise offers lower fees than many competitors. The property includes ample refrigeration for storage. Prospective buyers must meet specific financial requirements and undergo franchisor approval. This turnkey operation offers a rare blend of established success and significant growth potential.