1. food and drink

Taco
Bueno
Representative Photo
New Absolute NNN
Colorado Springs
7970 North Academy Blvd, Colorado Springs, CO 80920
For more info on this opportunity please contact:
Zandy Smith
chris kostanecki
zeb ripple
Chris peters
zsmith@capitalpacific.com | (415) 274-2707
CA BRE# 01734525
zripple@capitalpacific.com | (415) 274-2702
CA BRE# 01242540
Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.
ck@capitalpacific.com | (415) 274-2701
CA BRE# 01002010
cpeters@capitalpacific.com | (415) 274-2703
CA BRE# 01339983
In conjunction with CO Licensed Broker:
David Leuthold, Leuthold Commercial Properties
303-871-9000 david@leutholdcommercial.com
BRAND NEW FREESTANDING TACO BUENO WITH A RARE 20-YEAR LEASE
IN THE 2ND MOST POPULOUS CITY IN COLORADO
Investment Highlights
The subject property is located in Colorado Springs, CO, which has a population of nearly
440,000 residents. The site is located on North Academy Boulevard just off the exit
ramp of I-25/ US HWY 87, which is the main north-south artery in Colorado. Colorado
Springs is located 60 miles from downtown Denver.
PRICE: $2,180,417
CAP: 6.0%
RENTABLE SF. . . . 2,200 SF
LAND AREA. . . . . . 0.74 Acres
LEASE TYPE. . . . . . NNN
YEAR BUILT. . . . . . 2015
DENSE RETAIL AND RESIDENTIAL AREA
Academy Boulevard is the main retail area of Colorado Springs with many major retailers within a 1 mile radius.
Directly across the street is one million square foot Chapel Hills Mall, which is anchored by Macy’s, JC Penney,
Dick’s, and Dillard’s (see aerial on page 4)
Taco Bueno enjoys excellent egress and ingress from three lane Academy Boulevard and is directly off a
signalized intersection with an ADT of 42,000
There are 158,899 residents within a 5-mile radius and an average household incomes of $90,000 within a
3-mile radius
The subject property is located within a half mile of the US Air Force Academy, which is an 18,500 acre
campus and home to over 4,000 cadets and students. The Academy is one of the largest tourist attractions
in Colorado with more than a million visitors each year
NATIONAL TENANT
Taco Bueno has 176 restaurants in TX, OK, AR, NM, LA, KS, MS, and CO. Taco Bueno Restaurants, L.P. is
owned by Palladium Equity Partners, a middle market private equity firm with over $2 billion in assets
under management
LEASE INFORMATION
Rare 20-year primary lease term with 10% rental increases every five years in the primary term and the
three 5-year options
NNN Lease - no Landlord responsibilities
Store will open for business and rent will commence approximately July 2, 2015
Representative Photo
Taco Bueno | 2
One million Square foot chapel hills mall is located directly across the street
CHAPEL HILLS WEST
87
87
87
emy
Acad
vard
Boule
Voyager Parkway
rch Pa
Resea
ILY
A
0D
,90
42
rkway
CHAPEL HILLS EAST
THE PROMENADE SHOPS AT BRIARGATE
B
Bo riarg
ule ate
va
rd
PINE CREEK
GOLF CLUB
Rampart
High School
Mountain
Ridge Middle
School
gate
Briar way
Park
87
DENVER
E Woodmen Road
CHAPEL HILLS MALL
Taco Bueno | 3
Income & Expense
PRICE
$2,180,417
Capitalization Rate:
6.00%
Price Per Square Foot:
$991.10
Total Rentable Area (SF):
2,200
Lot Size (Acres):
STABILIZED INCOME
0.74
Per Square Foot
Scheduled Rent
$59.47
$130,825.00
Effective Gross Income
$59.47
$130,825.00
LESS
Per Square Foot
Taxes
NNN
Insurance
NNN
EQUALS NET OPERATING INCOME
$130,825.00
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Representative Photo
Taco Bueno | 4
Rent Roll
TENANT INFO
Totals:
LEASE TERMS
Tenant Name
Sq. Ft.
Taco Bueno
2,200
2,200
Term
RENT SUMMARY
Current
Rent
Monthly
Rent
Yearly
Rent
Monthly
Rent/FT
Yearly
Rent/FT
$130,825
$10,902
$130,825
$4.96
$59.47
6/2/15
6/1/20
6/2/20
6/1/25
$11,992
$143,908
$5.45
$65.41
6/2/25
6/1/30
$13,192
$158,299
$6.00
$71.95
6/2/30
6/1/35
$14,511
$174,129
$6.60
$79.15
6/2/35
6/1/40
Option 1
$15,962
$191,541
$7.26
$87.06
6/2/40
6/1/45
Option 2
$17,558
$210,695
$7.98
$95.77
6/2/45
6/1/50
Option 3
$19,314
$231,765
$8.78
$105.35
$130,825
$10,902
$130,825
$4.96
$59.47
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Representative Photo
Taco Bueno | 5
Taco Bueno
Representative Photo
Representative Photo
Taco Bueno
2014 REVENUE
$187 million
NUMBER OF LOCATIONS
176
NUMBER OF EMPLOYEES
3,856
Taco Bueno is a fast-food restaurant chain specializing in Tex-Mexstyle Mexican cuisine. Currently
headquartered in Farmers Branch, Texas, Taco Bueno is committed to creating an authentic Tex-Mex
experience with fresh, hand-selected ingredients. Taco Bueno operates 173 restaurants (154 corporate, 19
franchise) in Texas, Oklahoma, Arkansas, New Mexico, Louisiana, Kansas, Missouri and plans to open three
new restaurants in Colorado in 2015.
Taco Bueno Restaurants, L.P. is owned by Palladium Equity Partners, a middle market private equity firm
with over $2 billion in assets under management.
Taco Bueno focuses on improving the consistency of store execution through newly implemented
processes and procedures. The Bueno Way Audits, performed quarterly, measure over 600 individual
items, ensuring stores are meeting a comprehensive set of objectives. The Engagement Score measures
store managers’ participation in company initiatives that drive financial performance of an individual
location.
Palladium equity partners
Palladium has significant experience in financial services, business services, food, healthcare, industrial,
and media businesses, with a special focus on companies it believes will benefit from the growth in the
U.S. Hispanic population. Palladium was founded in 1997 and is headquartered in New York City.
Taco Bueno | 6
Site Plan
Site Plan Key
Parcel outline:
Land Area:
0.74 acres
Building Area: 2,200 sf
Site Plan Not To Scale
EXISTING SIGN
N Academ
y Bouleva
rd
God
dard
Stre
et
Ingress/Egress:
Taco Bueno | 7
Regional Map
Traffic counts
in excess of
42,900 vpd on
N. Academy Blvd
Colorado Springs, CO
US Air force
academy
Denver
Taco
Bueno
1 H 40 Min
70 Miles
Representative Photo
Colorado
springs
Taco Bueno | 8
Location & Demos
Colorado Springs, CO Overview
Population
1-Mile
3-Mile
5-Mile
4,036
4,135
63,060
65,640
164,269
172,769
1-Mile
3-Mile
5-Mile
$68,175
$56,566
$90,193
$71,563
$88,934
$68,517
Colorado Springs is the county seat and most populous city of El Paso County.
The economy is based primarily on the military installations in the area as
well as the aerospace and electronics industries and tourism.
2014
2019
The military employs one fifth of the work force in the city. Fort Carson, a U.S.
Army base, is the largest employer, maintaining over 15,000 employees. The
U.S. Air Force Academy, Fort Peterson Air Force Base (AFB), and the North
American Air Defense Command (NORAD) are also major employers.
2014 Household incomes
The city is a center for space research. It is the site of the Combined Services
Space Center and the Consolidated Space Operations Center, which are
involved in the Strategic Defense Initiative. Several high-technology
firms have been attracted to Colorado Springs as a result of its growth in
the aerospace industry. Hewlett-Packard and 17 other major electronics
companies, combined, employ nearly 10,000 workers in the area.
Colorado Springs is also a major tourist destination with the U.S. Air Force
Academy being the main man-made attraction in the state. The city’s average
gross income from tourism is near $1 billion, providing a substantial boost to
the retail industry.
Average
Median
Top Employers in Colorado Springs
Employer
Fort Carson
U.S. Air Force Academy
Peterson Space Command
Colorado Springs School District #11
# of Employees*
15,159
6,410
5,542
3,440
*Approximate
Taco Bueno | 9
Representative Photo
A unique HUMAN
RESULTS-DRIVEN
client experience
The capital pacific experience - our daily commitment to our clients
[ www.CapitalPacific.com ]
Zandy Smith
chris kostanecki
zsmith@capitalpacific.com | (415) 274-2707
CA BRE# 01734525
ck@capitalpacific.com | (415) 274-2701
CA BRE# 01002010
zeb ripple
Chris peters
zripple@capitalpacific.com | (415) 274-2702
CA BRE# 01242540
In conjunction with CO Licensed Broker:
David Leuthold, Leuthold Commercial Properties
303-871-9000 david@leutholdcommercial.com
cpeters@capitalpacific.com | (415) 274-2703
CA BRE# 01339983
Copyright © 2015 [Capital Pacific Real Estate Brokerage Company]