Hazeltine Plaza Retail Center – Acquisition

North, US


Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place debt for the acquisition of a retail center anchored by a Chipotle and Starbucks.

Property Description

The property consists of two single-tenant NNN restaurants. Construction was completed on the properties in 2019 after which their 10 year leases began.


The sponsor is an experienced property owner of long-term NNN restaurant lessors. He’s experienced when it comes to investments of this property type.


  • The property’s location is in a non-major market.


  • The location concern is mitigated by the high growth the city has been seeing.
  • Funding secured by a California bank that gave low leverage permanent financing.


  • Loan to Value: 50%
  • Interest Rate: 4.78%
  • Amortization: 30 years
  • Term: 10 years
  • Recourse: Non-recourse
  • Interest Only: 60 months
  • Prepayment: Step-down

Director  | Capital Advisor