For Sale
$2,983,000

1207 Mount Vernon AveMarion, OH 43302

High-yield Del Taco, 18+ years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple, 2,418 square-foot Del Taco restaurant located at 1207 Mt Vernon Ave, Marion, OH 43302. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $178,964. Built in 2022, this single-tenant, triple-net (NNN) leased property offers a hands-off investment with minimal landlord responsibilities. The 20-year lease commenced May 31, 2023, leaving 18.5 years remaining. The franchisee, Sobremesa LLC, is an experienced operator with multiple restaurant locations in the Columbus, Ohio area, demonstrating a commitment to the market. Situated on 0.67 acres of land on heavily trafficked Mt. Vernon Avenue, with over 20,000 vehicles passing daily, this location benefits from high visibility and strong traffic counts. Del Taco's presence in the Columbus market, coupled with the franchisee's aggressive expansion plans, ensures a stable and potentially appreciating asset. This property is ideal for 1031 exchange investors seeking a secure, long-term investment with a proven track record. The property is 100% occupied and offers a compelling return on investment. The Del Taco brand is a publicly traded company (NASDAQ: TACO) with nearly 600 units across 15 states. This is a rare opportunity to acquire a high-performing, net-leased property in a growing market.

Highlights

  • Single-tenant, net-lease Del Taco restaurant with drive-thru.
  • Ideal 1031 exchange opportunity; 100% NNN, hands-off lease with 20-year base term.
  • Located in Marion, OH, near Columbus, OH MSA (14th largest in the US).
  • Experienced operator with multiple restaurant locations in the Columbus area.
  • Growing Del Taco brand; franchisee actively expanding in the Columbus market.
  • Del Taco is a publicly traded company (NASDAQ: TACO) with nearly 600 units across 15 states.

Property Details for 1207 Mount Vernon Ave

Property type
Retail properties, Restaurants
Square Feet
2,418 SF
Year Built
2022

Location Insight

City
Marion
County
Marion
State
Ohio
Latitude
40.5805968
Longitude
-83.0971343
1207 Mount Vernon Ave, Marion, Ohio

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1207 Mount Vernon Ave
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