Del Taco

DeFuniak Springs

,

FL

Call for Details

6.00

%

CAP Rate

Outparcel to New Tractor Supply Co

with Drive-Thru

80+ Del Taco Units Across Florida & Georgia

‍

Property details

New 20-Year Absolute NNN Lease to Del Taco
- No Landlord Maintenance Responsibilities
- Scheduled 7.5% Rental Escalations throughout Primary Term
Established Del Taco Operator with 80+ Del Taco Units Across Florida & Georgia
- Recently Signed New 12-Unit Development Agreement for Florida Panhandle
- Guarantor Entity Operates 140+ Burger King & Del Taco Locations
New 2024 Construction with Drive-Thru
Robust, Rapidly Growing Demographics in Surrounding Area
- Total Daytime Population of 12,733 within 5 Mile Radius
- Average Home Value Projected to Increase 72.6% Over the Next 5 Years
- Average Household Income Expected to Grow 21% by 2029
Significant Development Activity in Surrounding Area
- Country Ridge Estates Subdivision Slated to Include 180_ New Single Family Residences, 120 Townhomes, and 7-Acre Commercial Site
- 300-Acre Veteran's Lodge Development with Feature State of the Art Brain Injury Rehabilitation and Research Center, Education and Workforce Training Center, Activity Center, and Residential Cabins
Approximately Halfway Between Pensacola and Tallahassee
25 Miles from Santa Rosa Beach Tourist Hub
- Economic Impact of $7.2 Billion for Walton County
No State Income Tax in Florida

Listing leads

Putnam Daily

Managing Partner

CA RE Lic #01750064

Lindsey Snider

Senior Partner

CA RE Lic #01443387

Vahe Nokhoudian

Partner

CA RE Lic #01963342