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To be honest, I was really surprised to come across a Del Taco transaction at a 3.25% cap rate. I get a lot of comments on these videos from people talking about how rates are north of 6%, and that bond yields are much more favorable, and frankly, in many cases those people have a point. But as I started to take a closer look at this deal, it became clear that there is a reasonable story behind this transaction. First of all, $133,000 a year is undeniably low in terms of rent for a signalized co
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