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California  + Inland Empire  + Retail  | 

Del Taco-Occupied Property Trades in Lake Elsinore

Connect Retail West is today Jan. 22nd at The Resort at Pelican Hill. Here’s where to get more information and register to join us.

SRS Real Estate Partners’ National Net Lease Group completed the $3.05 million sale of a single-tenant property fully-occupied by Del Taco in Lake Elsinore, CA. Located on just under one-half acre of land at 16810 Lakeshore Dr., the freestanding building has 12.5 years remaining on its 1,558-square-foot corporate-guaranteed 15-year absolute triple-net lease.

The property sold at $1,957-per-square-foot, which is one of the highest ever for an Inland Empire fast food restaurant property.

SRS’ Matthew Mousavi and Patrick Luther represented the seller, a partnership specializing in the ownership of net lease property. Itule Real Estate Group’s Chris Itule represented the unnamed all-cash SoCal buyer.

Mousavi says, “We’ve successfully transacted over 20 individual Del Taco-leased properties in the last 36 months, with another recent Del Taco sale in Southern California trading at a 3.71% cap rate. Investors continue to seek QSR drive-thru properties leased to national brands.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
  • ◦Lease
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