Del Taco (Absolute NNN) - Jesse Lee California Ave Bakersfield CA... · must request and carefully review all legal and financial documents related to the property and tenant. While

BAKERSFIELD, CA

Del Taco(Absolute NNN)

OFFERING MEMORANDUM

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

BAKERSFIELD, CA

Del Taco (Absolute NNN)

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.

NON-ENDORSEMENT NOTICE

NET LEASED DISCLAIMER

Del Taco (Absolute NNN)BAKERSFIELD, CA

Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Section 1 PRICING AND FINANCIAL ANALYSIS

Section 2 PROPERTY DESCRIPTION

Section 3 MARKET OVERVIEW

Section 4 DEMOGRAPHIC ANALYSIS

TABLE OF CONTENTS



PRICING AND FINANCIAL ANALYSIS

1



Existing Financing

Loan Type Free and Clear

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0360172 Marcus &Millichap. All rights reserved.

FINANCING

Annualized Operating Data

3624 California AvenueBakersfield, CA 93309

Price $2,375,000

Down Payment 100% / $2,375,000

Rentable Square Feet 2,164

CAP Rate 7.01%

Year Built 1998

Lot Size 0.91 +/- Acres

Type of Ownership Fee Simple

2

Location



Rent Increases Annual Rent Monthly Rent

01/01/2014 - $166,460.00 $13,871.67

01/01/2017 -

Base Rent ($76.92/SF) $166,460

Net Operating Income $166,460

Total Return 7.01% / $166,460

Tenant Trade Name Del Taco

Ownership Private

Tenant Franchisee

Lease Guarantor Personal Guarantee

Lease Type Absolute Net

Roof and Structure Tenant Responsible

Lease Term Twenty Years

Lease Commencement Date January 1, 1999

Rent Commencement Date January 1, 1999

Lease Expiration Date December 31, 2019

Term Remaining on Lease Five Years Plus

Increases January 1, 2017 (+CPI)

Options Two, Five-Year Terms


Tenant Summary

FINANCIAL OVERVIEW

*01/01/2017 - 12/31/2019: Annual Rental Increase is Base Rent

Plus CPI, Same Goes for the Options

Information may be time sensitive and subject to change. Please

contact your local Marcus & Millichap Capital Corporation

representative, Noah Juran, at 513-878-7728 or

[email protected]

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3




Property Name Del Taco (Absolute NNN)

Property Address 3624 California Avenue

Bakersfield, CA 93309

Property Type Net Leased Restaurant Fast Food


Tenant Trade Name Del Taco

Ownership Private

Tenant Franchisee

Lease Guarantor Personal Guarantee

Lease Commencement Date January 1, 1999

Rent Commencement Date January 1, 1999

Lease Expiration Date December 31, 2019

Term Remaining on Lease Five Years Plus

Lease Type Absolute Net

Roof and Structure Tenant Responsible

Lease Term Twenty Years

Increases January 1, 2017 (+CPI)

Options to Renew Two, Five-Year Terms

Options to Terminate None

Options to Purchase None

First Right of Refusal None

No. of Locations 547+

Headquartered Lake Forest, CA

Web Site www.deltaco.com

Franchisee Profile

Years in the Business 1961

TENANT OVERVIEW

Del Taco is an privately held American fast-food restaurant chain which specializes in American-style Mexican cuisine as well as American foods

such as burgers, fries and shakes.


PROPERTY DESCRIPTION

Marcus & Millichap is pleased to bring to market this fee simple single tenant Del Taco in Bakersfield, California. This 2,164-square foot property was constructed in 1998 on approximately one acre with multiple points of ingress and egress from California Avenue. There are more than five years remaining on a twenty year, absolute triple-net (NNN) lease with no landlord responsibilities. C.P.I. adjusted rent increase is set for January 2017 along with two, five-year options with increases. A portion of the front parcel has been subleased to Stuart’s Petroleum Company by the franchisee, whose Mobil Gas station drives additional traffic and business to Del Taco.

The subject property is located in the city of Bakersfield which is the 9th largest city in California and the 52nd largest city in the United States. The city is located in Kern County, the third largest county in California and the Bakersfield-Delano metropolitan statistical area is the 62nd largest metropolitan area in the states. The city of Bakersfield is home to a wide variety of businesses which supports a diverse economy even as the two primary industries are oil and agriculture. Kern County is the most productive oil county in America, with 10 percent of the nation’s domestic product and is a part of the highly productive San Joaquin Valley, ranks among the top five most productive agricultural counties in the states. The local trade area has over 71,000 employees in three miles and nearly 13,000 within one mile of the subject property. The population contains more than 103,000 residents within three miles whose average household incomes exceed $65,000 within one mile. Five miles surrounding the subject property are more than 322,000 residents as the population has increased by nearly fifteen percent since 2000.

Del Taco is located along California Avenue, a six-lane divided thoroughfare with designated turn lanes. California Avenue is a highly trafficked retail corridor which sees nearly 50,000 vehicles per day. The subject property is ideally positioned at a signalized intersection next to the southbound exit ramp off US-99, an extremely busy commuter highway that has over 150,000 vehicles per day. Bakersfield Plaza, a 365,000-square-foot power center anchored by Burlington Coat factory and Hobby Lobby is located two blocks west along California Avenue. Other notable retailers within a few blocks include McDonald’s, Chase Bank, Subway, Barns & Noble, Carls Jr., Verizon and Jack in the Box to name a few. Amongst the various retailers are eight national hotel brands within the proximity as well as Caroline Harris Elementary School.

This investment opportunity provides passive investors seeking income the ability to acquire a property leased to a strong franchise brand positioned in an established retail corridor with heavy traffic and multiple national hotel brands.

Investment Highlights

■ Absolute Triple-Net | No Landlord Responsibilities

■ Established Retail Corridor | Next to Bakersfield Plaza

■ California Avenue: 50,000 Cars| US-99: 150,000 Cars

■ 103,000 Residents and 71,000 Employees in Three Miles

■ 15 Percent Population Growth in Five Miles Since 2000

■ Bakersfield, CA | Ninth Largest City in California

■ Kern County | Most Productive Oil County in the States

5




INVESTMENT OVERVIEW

6



The Offering

Property Del Taco (Absolute NNN)

Property Address 3624 California Avenue

Bakersfield, CA 93309

Assessor's Parcel Number 020-020-05

Zoning Commercial

Site Description

Number of Stories Single

Year Built 1998


Lot Size 0.91 +/- Acres

Type of Ownership Fee Simple

Parking Twenty-Five Parking Places

Landscaping Minimal

Topography Level


PROPERTY SUMMARY

7




PROPERTY PHOTOS

Local Map Regional Map

8




AREA MAPS

9




LOCAL AERIAL

10




RETAIL AERIAL


MARKET OVERVIEW

12

MARKET OVERVIEW


Bakersfield-Delano Metro

Market Highlights

Central location

■ Expanding transportation network provides

convenient access to ports, major cities and

recreation areas.

Increasing employment quality

■ Office-using employment growth is accelerating,

and is expected to outpace the national growth rate

by 2015.

Low costs of living, doing business

■ Low home prices and a pro-business environment

attract employers and residents.


Geography

The Bakersfield-Delano metro lies near the southern

end of the San Joaquin Valley in Kern County. The

county covers 8,161 square miles. The Kern River

flows through the region, which includes parts of

three mountain ranges: the Sierra Nevadas to the

east, the Tehachapis to the south, and the Tremblor

to the west. The City of Bakersfield, which is the

county seat, is located at the foot of the Greenhorn

Mountain Range.

BAKERSFIELD

13

MARKET OVERVIEW

Metro

The Bakersfield metro encompasses all of Kern County

in the southern portion of the San Joaquin Valley in

California and contains a population of more than

865,000 people. Bakersfield is the most populated city

in the county with 357,200 residents, followed by

Delano and Ridgecrest.


Largest Cities in Metro by Population

Airports

■ Meadows Field Airport

■ Bakersfield Municipal Airport

Major Roadways

■ Interstate 5

■ U.S. Highway 395

■ State Routes 14, 58, 99, 178

Rail

■ Freight - Union Pacific, BNSF

■ Passenger - Amtrak

Bakersfield is:

■ 110 miles from Los Angeles

■ 110 miles from Fresno

■ 280 miles from San Francisco

■ 300 miles from Sacramento

Infrastructure

Three freeways bisect the metro. State Route 99 runs

north to south, state Route 58 heads southeast and state

Route 178 runs northeast. Future extensions are

planned for SR 58 and SR 178. Also, two beltways are

being considered for Bakersfield, as well as a station for

the proposed California High Speed Rail system.

Meadows Field Airport delivers commercial air flights

while the Bakersfield Municipal Airport offers charter

and executive aviation services.

The area is served by two class-1 railroads and Amtrak’s

San Joaquin line provides passenger rail between

Bakersfield and the San Francisco and Sacramento

areas. Amtrak also runs a bus connection service to the

Los Angeles area.

Public transit services in the county are offered through

Golden Empire Transit and Kern Regional Transit.


Sources: Marcus & Millichap Research Services, Experian

BAKERSFIELD

Bakersfield 357,200

Delano 54,500

Ridgecrest 28,300

Wasco 26,100

Arvin 19,900

Rosamond 18,600

14

MARKET OVERVIEW


Top Commodities Produced

Economy

The metro’s main industries are oil, natural gas and

agriculture. Kern County is one of the most oil

productive counties in the nation and the Elk Hills

field is the state’s top natural gas producer. Bakersfield

is also a part of the agriculturally intensive San Joaquin

Valley, and agriculture still constitutes a major portion

of the local economic base. Other industries include

mining, petroleum refining, manufacturing, food

processing, distribution, and aerospace. In addition,

many of the companies in these industries are

headquartered in the area.

Bakersfield’s relatively inexpensive land and

accessibility to the international ports in both Los

Angeles and Oakland, as well as transportation access

to the rest of country, are making the metro

particularly attractive to the manufacturing and

distribution sectors.

The metro also has a strong aviation, space, and

military presence with Edwards Air Force Base,

Halliburton, and the China Lake Naval Air Weapons

Station located within the county.

The area’s business-friendly policies, such as no local

inventory or utility taxes, and Bakersfield’s minimum

sales tax, are helping to attract companies to establish

offices in the region.


BAKERSFIELD

Grapes

Almonds

Milk

Citrus

Pistachios

Cattle

Carrots

Alfalfa Hay

Cotton

Potatoes

15

MARKET OVERVIEW



Labor

After posting strong nonfarm employment growth at an average annual pace of 2.1 percent during the previous

five years, job growth in Bakersfield is now expected to expand at a more modest rate. Over the coming five years,

the metro is forecast to boost its current 248,000 jobs by an average of 0.7 percent annually.

The government sector dominates employment in the county, accounting for nearly one-fourth of all jobs. In

addition to city staffs, this sector encompasses the county’s three largest employers: Edwards Air Force Base, Kern

County and China Lakes Navel Weapons Center. The sector is poised to grow 0.4 percent annually through 2018.

The trade, transportation and utilities sector accounts for 19 percent of total employment, with the largest portion

of workers in retail trade. This segment has yet to regain many of the jobs lost during the recession and is currently

forecast to contract at an average annual pace of 0.5 percent in the coming five years. That said, Bakersfield’s

strategic position between Los Angeles and San Francisco will likely translate into a stronger transportation and

shipping industry in the future.

The fastest payroll expansion in the coming five years is forecast to be registered in the construction sector. A

return to homebuilding, as well as larger projects such as the cancer center addition at San Joaquin Community

Hospital, have both helped this sector regain many of the jobs lost during the recent recession. Over the next five

years, annual growth in this sector is expected to average 3.0 percent.

BAKERSFIELD

16

MARKET OVERVIEW


Major Employers

Employers

Kern County’s employment base was founded on agriculture

and oil. Today, agricultural producers are still a major

component to the local economy, employing nearly 10,000

workers. Some of the bigger businesses include Giumarra

Companies, Grimmway Farms and Bolthouse Farms. The

large agriculture sector has attracted a growing list of food

production facilities including Frito Lay, Nestle’ Ice Cream,

and Sun Pacific to locate in the area.

Oil and gas production is in a boom cycle and alternative

energy companies are expanding. Local businesses include

Aera Energy, Chevron, Pacific Gas and Electric, Occidental

Petroleum Company, and Ensign United States Drilling.

Many of the area’s largest employers are in the education and

health services sector, which provides 29,000 local jobs. This

includes positions in the local school districts; the University

of California, Bakersfield; and area hospitals, such as

Bakersfield Memorial Hospital, Mercy Hospital, Kern

Medical Center, and San Joaquin Community Hospital.

In the less-populated far eastern portion of the county,

Edwards Air Force Base and the China Lake Naval Weapons

Center contribute approximately 15,000 jobs.

Due to its strategic location, the metro also serves as a

distribution hub for Target, IKEA, and Caterpillar among

others, many of which are located in the Tejon Ranch

Commerce Center.


BAKERSFIELD

Edwards Air Force Base

Kern County

China Lake Naval Weapons Center

Giumarra Companies

Grimmway Farms

Wm. Bolthouse Farms, Inc.

Bakersfield Memorial Hospital

City of Bakersfield

Mercy Hospitals of Bakersfield

ARB, Inc.

17

MARKET OVERVIEW


Demographics

The overall population shift to Sun Belt areas and the

comparatively lower cost of housing drives population

growth in Bakersfield. The population grew by almost

31 percent since 2000, although it is now expected to

slow to 1.4 percent growth annually through 2018.

This equates to nearly 60,400 new residents in the

coming five years.

Many people move to the area for jobs, as more than

55 percent of residents are in their working years, with

seniors comprising less than 10 percent of the

population. Young families are also attracted to the

more affordable cost of housing. As such, 33 percent of

the population is under 20 years old. This has lowered

the median age to 31 years, which is well below the

U.S. median of 37 years.

Although the median housing price in Kern County, at

roughly $185,200, is much more affordable than the

median in the L.A. basin, home prices are still out of

reach for many residents. The median household

income of $49,300 per year is below the national

median. Homeownership rates at approximately 58.0

percent are below the national rate of 64.1 percent.

Over the next five years, the rise in the median income

is forecast to remain level with the rise in Bakersfield’s

median home price.


BAKERSFIELD

18

MARKET OVERVIEW


Quality Of Life

Outdoor enthusiasts can always find something to do

near Bakersfield, whether it is white water rafting, jet

skiing, or kayaking in Kern River Canyon or downhill

and cross-country skiing in the mountains during the

winter. Just minutes away from the city are the Buena

Vista Aquatic Recreation Area, Lake Ming and the Kern

River. These areas also provide biking and hiking trails.

Those who like indoor sports may enjoy the Bakersfield

Ice Sports Center or the McMurtrey Aquatics Center.

Bakersfield is also home to the Bakersfield Blaze

(baseball), the Bakersfield Jam (basketball), and the

Bakersfield Condors (professional ice hockey) teams.

A variety of entertainment can be enjoyed at the

Rabobank Arena Theater & Convention Center, which

is home to the Bakersfield Symphony Orchestra and

Masterworks Chorale. The Buck Owens’ Crystal Palace

provides local dinner theatre and museums include the

Kern County Museum & Lori Brock Children’s

Discovery Center, California Living Museum,

Bakersfield Museum of Art and the Buena Vista

Museum of Natural History.

Among the institutions of higher learning are California

State University, Bakersfield; Bakersfield College; and

National University.


The information contained in the market overview comes from sources deemed to be reliable, however, no representation, warranty or guarantee, express or implied, may be made as to the accuracy or reliability of the information contained herein. The most timely data available at time of production, including estimates and forecasts, were used and may be subject to revision.

BAKERSFIELD


DEMOGRAPHIC ANALYSIS

1 Mile 3 Miles 5 Miles

2000 Population 10,370 97,963 281,913

2010 Population 10,087 103,154 314,380

2013 Population 10,314 105,425 322,306

2018 Population 10,279 105,818 331,827

2000 Households 4,003 36,207 95,415

2010 Households 3,872 36,739 103,475

2013 Households 3,982 37,779 106,590

2018 Households 3,977 38,382 111,097

2013 Average Household Size 2.54 2.75 2.99

2013 Daytime Population 12,683 71,981 133,141

2000 Median Housing Value $0 $99,661 $96,857

2000 Owner Occupied Housing Units 50.07% 44.46% 52.62%

2000 Renter Occupied Housing Units 44.85% 47.84% 40.76%

2000 Vacant 5.12% 7.23% 6.57%



2013 Vacant 6.92% 7.89% 6.85%



2018 Vacant 7.20% 7.96% 6.88%

$ 0 - $14,999 14.7% 19.0% 15.6%

$ 15,000 - $24,999 14.2% 15.4% 12.9%

$ 25,000 - $34,999 10.3% 12.0% 11.0%

$ 35,000 - $49,999 15.9% 15.5% 15.1%

$ 50,000 - $74,999 17.3% 17.2% 18.4%

$ 75,000 - $99,999 12.1% 8.9% 11.2%

$100,000 - $124,999 5.3% 5.1% 7.0%

$125,000 - $149,999 3.1% 2.6% 3.6%

$150,000 - $199,999 4.2% 2.0% 2.6%

$200,000 - $249,999 1.2% 1.0% 1.1%

$250,000 + 1.8% 1.4% 1.6%

2013 Median Household Income $44,277 $38,461 $44,726

2013 Per Capita Income $25,426 $20,158 $20,956

2013 Average Household Income $65,087 $55,433 $62,738

Demographic data © 2012 by Experian.

20




DEMOGRAPHIC REPORT

Geography: 5 miles

Population

In 2013, the population in your selected geography was 322,306. The population has changed by 14.32% since 2000. It is estimated

that the population in your area will be 331,827 five years from now, which represents a change of 2.95% from the current year. The

current population is 49.0% male and 50.9% female. The median age of the population in your area is 30.4, compare this to the U.S.

average which is 37. The population density in your area is 3,481.55 people per square mile.

Households

There are currently 106,590 households in your selected geography. The number of households has changed by 11.71% since 2000.

It is estimated that the number of households in your area will be 111,097 five years from now, which represents a change of 4.22%

from the current year. The average household size in your area is 2.99 persons.

Income

In 2013, the median household income for your selected geography is $44,726, compare this to the U.S. average which is currently

$53,535. The median household income for your area has changed by 24.07% since 2000. It is estimated that the median household

income in your area will be $50,536 five years from now, which represents a change of 12.99% from the current year.

The current year per capita income in your area is $20,956, compare this to the U.S. average, which is $28,888. The current year

average household income in your area is $62,738, compare this to the U.S. average which is $75,373.

Race & Ethnicity

The current year racial makeup of your selected area is as follows: 58.35% White, 7.81% African American, 1.79% Native American

and 3.60% Asian/Pacific Islander. Compare these to U.S. averages which are: 72.20% White, 12.65% African American, 0.96%

Native American and 5.01% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 49.28% of the current year

population in your selected area. Compare this to the U.S. average of 16.55%.

Housing

The median housing value in your area was $96,857 in 2000, compare this to the U.S. average of $110,781 for the same year. In

2000, there were 53,741 owner occupied housing units in your area and there were 41,622 renter occupied housing units in your

area. The median rent at the time was $453.

Employment

In 2013, there are 133,141 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed

that 54.2% of employees are employed in white-collar occupations in this geography, and 45.7% are employed in blue-collar

occupations. In 2013, unemployment in this area is 10.24%. In 2000, the median time traveled to work was 18.1 minutes.


21




SUMMARY REPORT

Number of people living in a given area per square mile.


22




POPULATION DENSITY

The number of people employed in a given area per square mile.


23




EMPLOYMENT DENSITY

Average income of all the people 15 years and older occupying a

single housing unit.


24




AVERAGE HOUSEHOLD INCOME

BAKERSFIELD, CA

OFFERING MEMORANDUM


Offices Throughout the U.S. and Canada

www.MarcusMillichap.com

Exclusively Listed By:

Joel DumesVice President Investments

Director, Net Leased Properties GroupCincinnati Office

License: OH: SAL.2003013045License: KY: 63818Tel: (513)878-7720Fax: (513)878-7710

[email protected]/JoelDumes

Stan FalkVice President Investments

Associate Director, Net Leased Properties GroupCincinnati Office

License: OH: SAL.2012001364Tel: (513)878-7721Fax: (513)878-7710

[email protected]/StanFalk

Kent WilliamsBroker

Marcus & Millichap, San DiegoLicense: CA: 00823860

Tel: (858)373-3100Fax: (858)373-3110

Documents

Del Taco (Absolute NNN) - Jesse Lee California Ave Bakersfield CA... · must request and carefully review all legal and financial documents related to the property and tenant. While