214.675.0175 MATTHEW SCOW [email protected]BOB MOORHEAD [email protected]Property. 2,420+ SF building on 0.58+ acre site. Tenant. Lessee: Del Taco, LLC. Operates 564 restaurants in 14 states, serving 3+ million customers with 2017 annual total revenue of $471.5 million. Lease structure. New, 20-year, corporate absolute NNN with 10% rent increases every 5-years in primary term and option periods. Location. Del Taco is strategically located along St. Hwy. 85 (42,000 VPD) in the south Atlanta suburb of Riverdale, GA. Valwood Pkwy. State Hwy. 85 is a 95- mile-long state hwy. in the west central part of Georgia that eventually merges into I-75. Riverdale’s main shopping district is located along State Hwy. 85. The site will benefit as it will feature direct access and excellent visibility through strong signage to along St. Hwy. 85. The immediate trade area features strong population demographics of 92,215. Riverdale is approximately 5-miles south of Hartsfield-Jackson International Airport and 10-miles south of downtown Atlanta, GA. The subject property is located on the main retail corridor surrounded by notable national credit tenants including Walmart, Home Depot, Kroger, Aaron’s, O’Reilly, Advanced Auto, AutoZone, Pep Boys, Jiffy Lube, Firestone, Rite Aid, Walgreen’s, CVS, Dollar General, Family Dollar, QuikTrip, Chick-fil-A, Wendy’s, Panda Express, McDonald’s, Popeyes, Dunkin Donuts, Taco Bell, Burger King, KFC, Bojangles, Dairy Queen, Pizza Hut, Domino’s, Subway, and many more. FILE PHOTO
Tenant. Lessee: Del Taco, LLC. Operates 564 restaurants in 14 states, serving 3+ million customers with 2017 annual total revenue of $471.5 million.
Lease structure. New, 20-year, corporate absolute NNN with 10% rent increases every 5-years in primary term and option periods.
Location. Del Taco is strategically located along St. Hwy. 85 (42,000 VPD) in the south Atlanta suburb of Riverdale, GA. Valwood Pkwy. State Hwy. 85 is a 95-
mile-long state hwy. in the west central part of Georgia that eventually merges into I-75. Riverdale’s main shopping district is located along State Hwy. 85. The site
will benefit as it will feature direct access and excellent visibility through strong signage to along St. Hwy. 85. The immediate trade area features strong population
demographics of 92,215. Riverdale is approximately 5-miles south of Hartsfield-Jackson International Airport and 10-miles south of downtown Atlanta, GA. The
subject property is located on the main retail corridor surrounded by notable national credit tenants including Walmart, Home Depot, Kroger, Aaron’s, O’Reilly,
Advanced Auto, AutoZone, Pep Boys, Jiffy Lube, Firestone, Rite Aid, Walgreen’s, CVS, Dollar General, Family Dollar, QuikTrip, Chick-fil-A, Wendy’s, Panda
Express, McDonald’s, Popeyes, Dunkin Donuts, Taco Bell, Burger King, KFC, Bojangles, Dairy Queen, Pizza Hut, Domino’s, Subway, and many more.
FILE PHOTO
Trivanta (“Agent”) has been engaged as an agent for the sale of the property located at
6791 State Hwy. 85, Riverdale, GA the owner of the Property (“Seller”). The Property is
being offered for sale in an “as-is, where-is” condition and Seller and Agent make no
representations or warranties as to the accuracy of the information contained in this
Offering Memorandum. The enclosed materials include highly confidential information and
are being furnished solely for the purpose of review by prospective purchasers of the
interest described herein. The enclosed materials are being provided solely to facilitate the
prospective investor’s own due diligence for which it shall be fully and solely responsible.
The material contained herein is based on information and sources deemed to be reliable,
but no representation or warranty, express or implied, is being made by Agent or Seller or
any of their respective representatives, affiliates, officers, employees, shareholders,
partners and directors, as to the accuracy or completeness of the information contained
herein. Summaries contained herein of any legal or other documents are not intended to be
comprehensive statements of the terms of such documents, but rather only outlines of
some of the principal provisions contained therein. Neither the Agent nor the Seller shall
have any liability whatsoever for the accuracy or completeness of the information contained
herein or any other written or oral communication or information transmitted or made
available or any action taken or decision made by the recipient with respect to the Property.
Interested parties are to make their own investigations, projections and conclusions without
reliance upon the material contained herein. Seller reserves the right, at its sole and
absolute discretion, to withdraw the Property from being marketed for sale at any time and
for any reason. Seller and Agent each expressly reserves the right, at their sole and
absolute discretion, to reject any and all expressions of interest or offers regarding the
Property and/or to terminate discussions with any entity at any time, with or without notice.
This offering is made subject to omissions, correction of errors, change of price or other
terms, prior sale or withdrawal from the market without notice. Agent is not authorized to
make any representations or agreements on behalf of Seller. Seller shall have no legal
commitment or obligation to any interested party reviewing the enclosed materials,
performing additional investigation and/or making an offer to purchase the Property unless
and until a binding written agreement for the purchase of the Property has been fully
executed, delivered, and approved by Seller and any conditions to Seller’s obligations
hereunder have been satisfied or waived. By taking possession of and reviewing the
information contained herein, the recipient agrees that (a) the enclosed materials and their
contents are of a highly confidential nature and will be held and treated in the strictest
confidence and shall be returned to Agent or Seller promptly upon request; and (b) the
recipient shall not contact employees or tenants of the Property directly or indirectly
regarding any aspect of the enclosed materials or the Property without the prior written
approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied
or otherwise reproduced without the prior written authorization of Seller and Agent.
PAGE 3: INVESTMENT | TENANT | LEASE OVERVIEW
PAGE 1: COVER
PAGE 2: TABLE OF CONTENTS | DISCLAIMER
PAGE 11-12: LOCATION MAPS
PAGE 7: SITE PLAN
PAGE 9-10: LOCATION OVERVIEW
PAGE 13: DEMOGRAPHICS
PAGE 5-6: AERIAL PHOTOS
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PAGE 8: PROPOSED EXTERIORS
PAGE 4: TENANT OVERVIEW CONTINUED
Georgia Broker of Record:
Pamela Atwater | Atwater Commercial Real Estate Services
LESSEE: Del Taco
PRICE | CAP: $1,979,000 | 4.75%
NET OPERATING INCOME: $94,000
BUILDING AREA: 2,420+ Square Feet
LAND AREA: 0.58+ Acres
YEAR BUILT: 2019
LANDLORD RESPONSIBILITY: None
OWNERSHIP: Fee Simple Interest
OCCUPANCY: 100%
3
DEL TACO | www.tacobueno.com | NASDAQ: LEVYU
Del Taco restaurants, Inc. is the 2nd largest Mexican-American QSR chain by units in the US and offers a unique variety of both Mexican and American
favorites. The restaurants serve tacos, burritos, and quesadillas, along with the traditional fast-food such as hamburgers, french fries, and shakes. Their
products are made from scratch and prepared fresh in each location’s working kitchen with the value and convenience of a drive-thru.
Founded in 1954, Del Taco merged with Levy Acquisition Corp. and turned public on June 30, 2015. Since then, the company has been aggressively
expanding its reach by opening stores in new markets including Georgia, Texas, Colorado, and the Pacific Northwest. With a focus on the southeastern
and western regions of the US, Del Taco is constantly striving to build a stronger national presences by entering new territories while infilling existing
markets. On January 16, 2018 the company announced the grand opening of 3 new locations throughout Southern California, with additional restaurants
expected to open in the coming weeks.
As of January 3, 2017, Del Taco and its franchisees operate approximately 564 restaurants in 14 states, serving more than 3 million guests each week.
Del Taco owns 312 locations and 252 are franchise-operated restaurants, and employees 7,368 people. In 2016, Del Taco’s revenue grew 6.6% to
$452.1 million. The company’s total revenue was $111 million in Q3 2017, representing a 6.3% growth from Q3 2016. Q3 2017 system-wide comparable
restaurant sales grew 4.1% marking the 16th consecutive quarter of gain; and company-operated comparable restaurant sales gre 3.7%, making the 21st
consecutive quarter of gains. Del Taco is Headquartered in Lake Forest, CA.
Projected Lease Expiration: May 2039
Projected Rent Commencement: May 2019
Lease Term: 20-Years, Plus (4), 5-Year Options to Extend
Rent Increases: 10% Every 5 Years in Primary Term and Options
Del Taco is strategically located along St. Hwy. 85 (42,000 VPD) in the south Atlanta suburb of Riverdale, GA. Valwood Pkwy. State Hwy. 85 is a 95-mile-long state hwy.
in the west central part of Georgia that eventually merges into I-75. Riverdale’s main shopping district is located along State Hwy. 85. The site will benefit as it will feature
direct access and excellent visibility through strong signage to along St. Hwy. 85. The immediate trade area features strong population demographics of 92,215. Riverdale
is approximately 5-miles south of Hartsfield-Jackson International Airport and 10-miles south of downtown Atlanta, GA.
The subject property is located on the main retail corridor surrounded by notable national credit tenants including Walmart, Home Depot, Kroger, Aaron’s, O’Reilly,
Advanced Auto, AutoZone, Pep Boys, Jiffy Lube, Firestone, Rite Aid, Walgreen’s, CVS, Dollar General, Family Dollar, QuikTrip, Chick-fil-A, Wendy’s, Panda Express,
McDonald’s, Popeyes, Dunkin Donuts, Taco Bell, Burger King, KFC, Bojangles, Dairy Queen, Pizza Hut, Domino’s, Subway, and many more.
RIVERDALE, GA / CLAYTON COUNTY
The City of Riverdale is located in the "Southern Crescent" of Clayton County, approximately 10 miles south of Atlanta. The City is only 5 miles south of Atlanta's
Hartsfield-Jackson International Airport, one the nation's busiest airports. Riverdale has a population of over 16,000 and is the second largest city (population) in the
Clayton County. The economy of Riverdale, GA is specialized in Transportation & Warehousing; Accommodation & Food Service; and Utilities, which employ respectively
2.76; 1.46; and 1.37 times more people than what would be expected in a location of this size. The City is governed by a Mayor and 4 Council members. Each council
member represents the entire city and are elected at-large, though they hail from one of the four wards that divide the city. The Mayor and Council appoint a City
Manager, who has oversight over 5 departments.
Clayton County is a county located in the north central portion of the U.S. state of Georgia. Clayton County is one of Georgia's smallest counties in land size with an area
of 146 square miles. Yet, with more than 285,000 people, it is one of the most densely populated. A suburban community just minutes south of downtown Atlanta, Clayton
County has a relaxed and neighborly feel like a small town, but with all the amenities of a major metropolitan area. The unemployment rate in Clayton County, GA, is
5.8% as of April 2017, with job growth of 0.70%. Future job growth over the next ten years is predicted to be at 29.90%. An attractive lifestyle, business opportunities, a
fine public educational system plus a university, and numerous excellent healthcare facilities make Clayton County a highly attractive place to live, work and play.
RIVERDALE TOWN CENTER
ATLANTA-SANDY SPRINGS-MARIETTA, GA MSA
The Atlanta metropolitan area, or metro Atlanta, is officially designated by the United States Census Bureau as the Atlanta-Sandy Springs-Marietta Metropolitan
Statistical Area, and is the most populous metro area in the state of Georgia and the 9th largest metropolitan statistical area (MSA) in the United States. In addition to
Atlanta, Georgia's capital and largest city, the Atlanta metropolitan area spans 28 counties in northern Georgia and has a total 2010 population of 5,268,860, a 28.13%
increase from 2000.
With a gross metropolitan product of $270 billion, Atlanta's economy ranks 15th among world cities and 6th in the nation. As such, a Globalization and World Cities Study
Group and Network at Loughborough University has labeled the metro Atlanta area as an “Alpha- World City” based on how the city externally impacts the world through
advanced producer services in accountancy, advertising, banking, finance, and law.
Several major national and international companies are headquartered in metro Atlanta such as The Coca-Cola Company, Home Depot, United Parcel Service, Delta Air
Lines, AT&T Mobility, and Newell Rubbermaid. 4 of these companies have Fortune 100 status. Other major corporate headquarters in Atlanta and around the metro
area include Arby's, Chick-fil-A, Earthlink, Equifax, First Data, Gentiva Health Services, Georgia-Pacific, NCR, Oxford Industries, RaceTrac Petroleum, Southern
Company, Mirant, and Waffle House. The MSA also has a sizable financial sector.
The Federal Reserve has its district headquarters in Atlanta and Sun Trust, the 7th largest bank in the U.S. by assets held is based there. Also, the metro area is a major
transportation hub. Hartsfield–Jackson Atlanta International Airport, the world’s busiest airport, is located 7 miles south of the Atlanta central business district. Interstate
75, which extends from Tampa, FL north to Canada, passes through the center of the city. Interstates 85 and 20 also intersect in Atlanta. These amenities have lured
corporations such as Ford Motor Company, Publix, Kellog’s, Toys r Us, Office Depot, and GE Appliance to locate major distribution centers in the area, and in the outside
of Atlanta. 10
ATLANTA
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2018 Est. Labor Population Age 16 Years or Over 8,411 69,282 143,118
2018 Est. Civilian Employed 64.4% 64.8% 62.8%
2018 Est. Civilian Unemployed 4.5% 4.2% 3.9%
2018 Est. in Armed Forces 0.1% 0.2% 0.2%
2018 Est. not in Labor Force 31.0% 30.8% 33.1%
2018 Labor Force Males 45.7% 45.3% 45.3%
2018 Labor Force Females 54.3% 54.7% 54.7%
2010 Occupation: Population Age 16 Years or Over 5,402 44,627 90,010
