Taco Bueno

538 Garden of the Gods Road - Colorado Springs CO 80907

LTV (Loan to Value)	65.00%	Current NOI	$0.00
Interest Rate	4.250%	Capital Rate	6.000%
Fixed Term	10 Years	Land Area	0.69 Acres
Amortization	25 Years	Lease Type	20 Years
Loan Amount	$1,196,000.00	Property Type	Retail
Payment	$6,479.19	Property Lease	Fast Food Restaurant
Bulding Size	2,850 SF	Remaining Terms

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a 100% fee simple interest in new Taco Bueno corporate restaurant location in Colorado Springs, Colorado. Upon completion of the improvements in July of 2015, the property will be leased to Taco Bueno Restaurants, L.P. under a twenty (20) year base lease term with scheduled rental increases. The lease features an absolute NNN expense structure with no Landlord responsibilities.

Highlights

Attractive Tenant/Guarantor – With 172 locations across nine (9) total states, Taco Bueno is a leader in the high-growth Mexican…

Property Description

Colorado Springs is the county seat and the most populous municipality of El Paso County, Colorado, in the east central portion of the state. It is situated on Fountain Creek, 60 miles south of Denver. The city had an estimated population of 439,886 in 2013, ranking it as the second most populous city in the state of Colorado, behind Denver. The Colorado Springs Metropolitan Statistical Area had an estimated population of 678,319 in 2013. Taco Bueno is planning to open 3 total locations in the Colorado Springs market in 2015. Given the city's size, limited comparable dining options and media efficiency, Colorado Springs will be an ideal entry into the state. The subject property sits in a dense retail area near numerous national tenants, including Sonic, Chick-Fil-A, Wendy's, McDonald's, Costco, Lowe's, Chipotle and more. The University of Colorado - Colorado Springs, Kissing Camels Golf Course, Garden of the Gods, Colorado Tech University, as well as several public schools, hotels and office parks, are located within a 3-mile radius.