Listed by CBRE - Orange County
$2,789,000
Del Taco @ The Vine
Details
APN 1083-361-25
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,383
Net Rentable (SqFt) 2,383
Units 46
Cap Rate 4.75%
NOI $132,500
Occupancy 100%
Tenancy Single
Brand/Tenant Del Taco
Lease Type NNN
Lease Term 20
Lease Expiration 09/30/2045
Remaining Term 19.3
Rent Bumps Yes
Lease Options Four (4) five (5) year renewal options
Year Built 2025
Acreage 0.670
Zoning CC-Community Commercial
Parking Spaces 16 spaces
Parking Per SqFt 6.71
Investment Type Net Lease
Lease Commencement 09/25/2025
Ground Lease No
Retail | 4.75% CAP | 2,383 SqFt
Marketing description
Del Taco is located on the west side of S Milliken Ave in the city of Ontario, California. The listing consists of 1 parcel totaling approximately ±0.67 acres or ±29,134 SF of land area. The subject consists of 1 retail building totaling approximately ±2,383 SF.
The site benefits from approximately ±125 linear feet of frontage along S Milliken Ave. Access points into the property include 1 ingress/egress point off S Milliken Ave and 1 ingress/egress point from Riverside Dr. Del Taco provides ±16 parking stalls and has access to ±46 parking stalls across the 4 retail parcels.
Investment highlights
- Dominant Brand, Corporate Tenancy - Del Taco is the second largest Mexican-American QSR chain in the US with ±595 locations across 18 states, generating nearly $1 billion in annual US system-wide sales
- Brand New NNN Ground Lease - Del Taco opened September 2025 on a 20-year NNN Ground Lease (September 2045 expiration), the most secure form of real estate investment, with 4 additional 5-year renewal options, demonstrating the tenant's commitment to this location
- Scheduled Rental Increases - The lease is structured with 10% rental increases every 5 years, providing a stable and secure stream of income
- Purpose-Built Drive-Thru Configuration - High-quality, purpose-built drive-thru property developed by Del Taco in 2025
- Complimentary Surrounding Tenants - Del Taco is strategically located alongside national tenants including Starbucks (opened October 2023), 7-Eleven (opened December 2024), and Jack in the Box (scheduled to open May 2026), creating a point-of-destination retail location for residents, employees and travelers alike
- Strong Daytime Population - With over 116 million SF of industrial and a daytime population of 78,400 within a 3-mile radius, the property benefits from its location in a thriving industrial market with a large customer base
- Limited Future Competition - Supply-constrained, densely populated, infill trade area with limited sites available for future development, creating high barriers to entry while ensuring the area's long-term growth and success
- High Traffic, Convenient Location - Directly off S Milliken Ave (±16,200 CPD) with immediate access to Route 60 (±197,400 CPD), and Interstate 15 (±225,100 CPD), the property is optimally positioned for strong traffic flows and convenient access
- Excellent Visibility - The property benefits from its clear visibility with over 125 feet of frontage along S Milliken Ave, benefiting from over ±16,200 CPD
- Major Industrial Hub - Ontario serves as a major logistics and distribution hub, home to over 250 logistics companies, including industry leaders like Amazon, Nike, and VF Corp. The city boasts the highest concentration of warehouse space in the Inland Empire and ranks among the largest in the United States
- Ontario International Airport (ONT): located only a 10-minute drive away and the 8th-busiest airport in the US by cargo carried
- More than 8,470 people in a 1-mile radius, with an Average Household Income exceeding $152,000
- More than 64,780 people in a 3-mile radius, with an Average Household Income exceeding $151,800
- More than 216,100 people in a 5-mile radius, with an Average Household Income exceeding $140,300
- Coupon Clipper - Single-tenant investment occupied by leading global convenience store chain, Del Taco. The NNN ground lease nature of the site results in virtually zero landlord responsibilities
- Pride of Ownership Acquisition - High-quality asset in a heavily trafficked Southern California location - a great addition to any portfolio
- Excellent 1031 Upleg Opportunity - Available for a quick close to accommodate 1031 Exchange timelines
Listing Contacts
Listed by CBRE - Orange County
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$132,500.00
$11,041.67/mo
Valuation Metrics
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DSCR
4.75%
Cap Rate
4.75%
ROI
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