New Del Taco Retail Building In Fort Oglethorpe Sells For $1.7 Million
Thursday, September 23, 2021
JLL Capital Markets announced Thursday that it has closed the $1.7 million sale of a new, 2,500-square-foot, single-tenant retail building ground leased to Del Taco at Fort Oglethorpe.
"Del Taco is a rapidly expanding national operator and franchisor of restaurants featuring Mexican-inspired foods and American classic dishes," officials said. "Completed in 2020, the Fort Oglethorpe Del Taco is the most visited Del Taco location in the state of Georgia."
The Del Taco building is situated on .81 acres at 564 Battlefield Parkway in Fort Oglethorpe.
The property is adjacent to the city’s busiest intersection and visible to about 50,600 vehicles per day. It is also positioned on the “going home” side of Battlefield Parkway and along a major retail corridor and surrounded by more than 100,000 residents within a five-mile radius, it was stated.
The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Director Michael Brewster, Senior Managing Director Brad Peterson and Analyst Wyatt Andrews.
“Every net-lease transaction strikes a balance of yield versus tenant credit,” Mr. Brewster said. “The market created for this Del Taco signals the power of having a strong, hands-on local operator with transparency into financials.”