DOCSLIB.ORG

Del Taco (Corporate Lease) New 15-Year Lease Extension Absolute Nnn Lease Palm Springs, Ca

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Del Taco (Corporate Lease) New 15-Year Lease Extension Absolute Nnn Lease Palm Springs, Ca INVESTMENT OPPORTUNITY ** FUTURE REMODEL PLANNED ** DEL TACO (CORPORATE LEASE) NEW 15-YEAR LEASE EXTENSION ABSOLUTE NNN LEASE PALM SPRINGS, CA OFFERED AT: $2,880,000 | 4.00% CAP OFFERED AT $2,027,000 | 6% CAP Actual Property EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW ** FUTURE REMODEL PLANNED ** TABLE OF CONTENTS EXECUTIVE SUMMARY 4 Executive Summary 5 Investment Highlights 6 Lease Summary & Rent Overview 7 Lease Abstract PROPERTY INFORMATION 9 Location Maps 10 Property Photos 11 Neighboring Tenants 12 Aerials TENANT OVERVIEW 19 About Del Taco AREA OVERVIEW 21 Palm Springs Overview 22 The Coachella Valley 23 Riverside County Overview 24 Demographics Confidentiality Agreement & Disclosures EXCLUSIVELY LISTED BY RYAN BARR RYAN BENNETT Principal Principal 760.448.2446 760.448.2449 [email protected] [email protected] TODD WALLER DRE Lic#01338994 DRE Lic#01826517 Principal 608.327.4001 [email protected] Actual Property DEL TACO | Palm Springs, CA | 2 EXECUTIVE SUMMARY DEL TACO Palm Springs, CA DEL TACO | Palm Springs, CA | 3 Actual Property EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW • Offering Summary • Investment Highlights Lease Summary & Rent Schedule Lease Abstract -- OFFERING SUMMARY -- RAQUET CLUB INVESTMENT HIGHLIGHTS PROPERTY OVERVIEW GARDEN VILLAS Offering Price: $2,880,000 Address: 2444 N Palm Canyon Dr Palm Springs, CA 92262 Net Operating Income: $115,200 Property Size: 2,251 SF Cap Rate: 4.00% Land Size: 0.50 Acre Price/SF: $1,279 Ownership: Fee Simple Lease Type: Absolute NNN Lease Year Built: 1982 (Future Remodel) Lee & Associates is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest (land & building) in a Del Taco investment property located in the Palm Springs, CA (the “Property”). Originally built in 1982 as a build to suit for Naugles, the Property is currently leased by Del Taco Corporate on a long term lease that consists of a 2,251-square-foot retail NORTHGATE 111 43 @RACQUET building with a drive-thru lane and outdoor patio seating. SHOPPING CENTER CLUB The subject property is leased to Del Taco (corporate), an American quick service restaurant chain specializing in American- style Mexican cuisine as well as American foods such as burgers, fries, and shakes. The chain serves over 3 million visitors each week at its approximately 600 restaurants across 15 states and reports sales revenues of roughly $513 million (2019). Del Taco (formerly Naugles) has operated at this location since 1982 and has executed multiple lease extensions, the most recent a 15-year extension in October 2020 that commences January 1, 2021. The Absolute NNN lease features 10% rent increases every five years in the Primary Term and in the Option Periods. 111 The tenant has committed to completing a full remodel of the building at their own expense to meet the latest Del Taco prototype façade. The building ideally has a drive through lane and window for pull up service helping to insulate the tenant W RACQUET CLUB RD (8,100 CPD) from business closures due to COVID-19. Drive through buildings along CA Highway 111 are extremely hard to replicate due COMBINED to moratoriums in place within the Coachella Valley. 24,000 CPD The subject property is ideally located at the intersection of N. Palm Canyon Dr/Hwy 111 & W. Racquet Club Rd., providing N PALM CYN DR (16,000 CPD) excellent visibility and signage to over 24,000 cars per day and providing for easy in/out access via the drive thru. The N. Palm Canyon Dr./Hwy 111 corridor is the main travel route between Interstate 10 and downtown Palm Springs. It’s home to the city’s core shopping district which features vintage boutiques, numerous hotels, and restaurants. It’s also home to services such as the Desert Regional Medical Center, a 385-bed regional medical center with emergency services and the only designated Level II trauma center in the Coachella Valley. The subject property is located within the iconic City of Palm Springs, approximately 107 miles east of Los Angeles and 125 miles northeast from San Diego. Known for its hot springs, golf courses, trendy hotels and spas, it’s a popular spot for Southern California residents looking for a weekend getaway, as well as a popular destination for snowbirds - people who live in cold climates and seek out warm weather during the winter. The permanent population is estimated to be 48,518, with 111 another 27,000 to 30,000 people arriving in the winter, bringing the total population to almost 80,000 residents during the THE INN AT PALM winter season. SPRINGS With an estimated 12 million visitors on average, tourism is the one contributor to the local economy. employing over 19,000 people. Tourism generates over $4 billion per year, bringing in sales tax of approximately $486 million. Additionally, with more golf courses than any other region in the state, the Coachella Valley is the most popular golf vacation destination in California. Housing, commercial, and renewable power developments are on the rise in Coachella Valley, increasing the economic impact from the construction industry. Palm Springs is currently experiencing a housing boom due to low interest rates and a strong Actual Property demand to relocate from more urban areas. Most homes are receiving multiple offers, and often selling over asking prices. DEL TACO | Palm Springs, CA | 4 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW Offering Summary • Investment Highlights • Lease Summary & Rent Schedule Lease Abstract -- INVESTMENT HIGHLIGHTS -- DEL TACO CORPORATE LEASED INVESTMENT OPPORTUNITY | ICONIC CITY OF PALM SIGNALIZED INTERSECTION OF N. PALM CANYON DR./HWY 111 & W. RACQUET CLUB RD. SPRINGS | 15-YEAR ABSOLUTE TRIPLE-NET (NNN) LEASE | FUTURE BUILDING REMODEL AT (24,000+ CPD) | MAIN TRAVEL ARTERY IN/OUT OF DOWNTOWN PALM SPRINGS | QUICK THE TENANT’S EXPENSE ACCESS TO INTERSTATE 10 • Highly Desirable Corporate Del Taco Investment in Iconic City of Palm Springs • Strategically located near the signalized Intersection of N. Palm Canyon Dr./Hwy 111 & W. • 2nd Largest Mexican QSR in the U.S with 600 Locations Across 15 States Racquet Club Rd. (combined 24,000+ CPD) • Revenues of $513M (2019) • Excellent visibility and signage along major travel corridor in/out of downtown Palm • Del Taco has committed to a full remodel of the Building to their Latest Prototype Façade Springs from Interstate 10 • COVID-19 Resilience due to Drive Through & Outdoor Patio Seating • Multiple entrances from N. Palm Canyon Dr. & W. Racquet Club Rd. SUCCESSFUL 38-YEAR OPERATING HISTORY | PROVEN LOCATION | ABSOLUTE NNN LEASE | N. PALM CANYON DR. HOME TO PALM SPRING’S CORE SHOPPING DISTRICT | 10 MINUTES 10% RENT BUMPS IN PRIMARY TERM & OPTIONS TO FAMOUS PALM SPRINGS AERIAL TRAMWAY | PROXIMITY TO HOTELS, RESTAURANTS, • Del Taco (formerly a Naugles) has successfully operated at this location since 1982 BOUTIQUES | BLOCKS FROM DESERT REGIONAL MEDICAL CENTER • Recent 15-Year Lease Extension (Oct 2020) with 10% Rent Increases Every 5 Years • N. Palm Canyon Drive is home to Palm Spring’s Main Shopping District • Multiple Lease Extensions Reflect Strong Commitment to Site • Home to Popular Boutiques, Galleries, Restaurants, and Hotels • Absolute NNN Lease with Zero landlord responsibilities • Subject property is just 10 minutes from famous Palm Springs Aerial Tramway, which sees • 10% Rent Escalations Every 5 Years inclusive of Option Periods an average 1,500-2,000 riders on normal days and 3,500 people per day during the holidays • Only 1 Mile from Desert Regional Medical Center, a 385-bed regional medical center with FUTURE NEW RETAIL SURROUNDING SITE | ADJACENT TO ART COLONY: 10 ACRES OF PRIME emergency services (Center is the only designated Level II trauma center in the Coachella INFILL LAND | PROPOSED HIGH DENSITY RESIDENTIAL DEVELOPMENT Valley) • Future Retail Development Surrounding the Subject Property (Contact Broker for Details) • Adjacent to Art Colony, one of the last sizable fee-land infill properties remaining in Palm LOCATED IN PALM SPRINGS | POPULAR GETAWAY FOR SOUTHERN CALIFORNIA RESIDENTS Springs (+/- 10 Acres) | POPULATION NEARLY DOUBLES IN WINTER | ESTIMATED 12M VISITORS PER YEAR | MOST • Proposed High Density Residential Development (Residential Attached, Multi-Family, POPULAR GOLF DESTINATION IN CALIFORNIA | INCREASING HOUSING DEMAND Senior, or Hospitality) • Located only 107 Miles from Los Angeles, 125 Miles from San Diego • Popular destination for golf, recreation, music, art, and film • Ideal 2nd home market for part-time residents escaping “snow country” • Most popular golf destination in California • Strong housing market during Covid-19 has brought more tax & sale revenues to the area • Housing, commercial and renewable power developments on the rise in Coachella Valley DEL TACO | Palm Springs, CA | 5 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW Offering Summary Investment Highlights • Lease Summary & Rent Schedule • Lease Abstract -- LEASE SUMMARY -- -- RENT SCHEDULE -- LEASE INFORMATION LEASE TERM TENANT: Del Taco LLC (Corporate) TERM START DATE END DATE NOI/YR NOI/MO NOI/SF/YR BUILDING SIZE: 2,251 SF Years 1 - 5 1/1/2021 12/31/2025 $115,200.00 $9,600.00 $51.17 LOT SIZE: 0.50 Acre Years 6-10 1/1/2026 12/31/2030 $126,720.00 $10,560.00 $56.30 RENT COMMENCEMENT: January 1, 2021 Years 11 - 15 1/1/2031 12/31/2035 $139,392.00 $11,616.00 $61.92 LEASE EXPIRATION: December 31, 2035 OPTION PERIODS - (2) 5-YEAR OPTIONS BASE TERM: 15 Years (New Extension - Commences 1/1/2021) Option 1 1/1/2036 12/31/2040 $153,331.20 $12,777.60 $68.12 REMAINING LEASE TERM: 15 Years Option 2 1/1/2041 12/31/2045 $168,664.32 $14,055.36 $74.93 OPTIONS TO RENEW: (2) 5-Year Options RENT INCREASES: 10% Increases Every 5 Years in Primary Term & Each Option LEASE TYPE: Absolute Triple-Net (NNN) Lease LANDLORD RESPONSIBILITIES: None ANNUAL RENT: $115,200 DEL TACO | Palm Springs, CA | 6 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW Offering Summary Investment Highlights Lease Summary & Rent Schedule • Lease Abstract • -- LEASE ABSTRACT -- Utilities: 6.
Load more

Recommended publications
  • September 1, 1975 UOHMOND, C Ai.IFORNIA 35 Cents
    \ - ige 3 Next deadline is September 10 POINT COUNTERPOINT A JOURNAL FOR CIVIC COMMUNICATION September 1, 1975 UOHMOND, C Ai.IFORNIA 35 cents i 10 0 0 0 El El El El El El El El El El El El El El El El El El El El El El El El El El El El El El El El El El SIElSIElElElElEIElEnEnE O BlEaBIBlBllalBlBIBlBlIllBlElBISIEIBlIaUgGlElBlElSlB l^i Early Days at Point Richmond from the Richmond Museum Association MIRROR, 1966 In its infant days, Richmond had much of the fla­ vor and excitement as well as the violence and frustra­ tions of a typical western frontier town. At the turn of the century, most of what is now Rich­ mond, San Pablo, and El Cerrito was owned by descendants and heirs of Don Francisco Maria Castro and by farmers and cattle ranchers who had trekked westward to the Promised Land after the close of the Civil War and purchased land without securing legal title. The Castro heirs were a bitter, disappointed lot. Prior to 189^# the great San Pablo Rancho, comprising a substantial por­ tion of what is now urban Richmond, had been theirs. But on that, fateful year, and after four long, weary decades of controversy, the court handed down a landmark decision which, in effect, broke up the former Spanish Land Grants into diverse ownerships, leav­ ing little to the Castro offspring. Painful as the decision was* the doors were opened for speedier land development. Among the beneficiaries of the great land partition was John Nicholl, a jovial but shrewd old country Irishman, who was awarded 152 acres of a rough, hilly peninsula jutting into San Francisco Bay and identified as Point Richmond on old United States geodetic survey maps.
    [Show full text]
  • Business Inventory for the Economic Chapter of the Comprehensive Plan Update
    APPENDIX D BUSINESS INVENTORY FOR THE ECONOMIC CHAPTER OF THE COMPREHENSIVE PLAN UPDATE TOWN OF SOUTHOLD BUSINESS INVENTORY FOR THE ECONOMIC CHAPTER OF THE COMPREHENSIVE PLAN UPDATE An inventory was conducted of the existing businesses, organizations, historical, cultural and recreational facilities throughout the Town of Southold. The inventory focused on the Town’s hamlet centers (with the exception of the Village of Greenport), within each of the hamlets’ HALO zones and along each of the major corridors. This inventory consists of agricultural uses, including wineries; aquaculture; boat slips; commercial marinas; commercial/shell fishing; entertainment venues; historical and cultural amenities; hotels, motels, inns and other lodging facilities; medical and health-care facilities; office and industrial facilities; public beaches; recreational facilities; restaurants; retail establishments; storage space; and tourist attractions. It is important to note that most churches, community services and state or federally-owned offices were not included within this inventory, unless otherwise affiliated with a private business. The only exception includes post offices, which are recognized as an important anchor within each of the Town’s hamlet centers. The business inventory details the name of each business/organization, in addition to its location, current use, occupancy, and the general condition of the property. In addition, and where available, the size (in terms of square footage and/or acreage), and the number of units (in terms of the number of seats, boat slips, and/or guest rooms) were recorded for each business. In addition to field findings, various data and information supplemented the information presented in the business inventory. Business data was provided through the Mattituck Chamber of Commerce, the North Fork Chamber of Commerce, the North Fork Promotion Council, local directories including telephone books, the Town of Southold and Suffolk County, in addition to supplemental information stemming from local knowledge of the area.
    [Show full text]
  • Business Franchise Law Carolina Academic Press Law Casebook Series Advisory Board ❦
    Business Franchise Law Carolina Academic Press Law Casebook Series Advisory Board ❦ Gary J. Simson, Chairman Cornell Law School Raj K. Bhala University of Kansas School of Law John C. Coffee, Jr. Columbia University School of Law Randall Coyne University of Oklahoma Law Center John S. Dzienkowski University of Texas School of Law Paul Finkelman University of Tulsa College of Law Robert M. Jarvis Shepard Broad Law Center Nova Southeastern University Vincent R. Johnson St. Mary’s University School of Law Thomas G. Krattenmaker Director of Research Federal Communications Commission Michael A. Olivas University of Houston Law Center Michael P. Scharf New England School of Law Peter M. Shane Dean, University of Pittsburgh School of Law Emily L. Sherwin University of San Diego School of Law John F. Sutton, Jr. University of Texas School of Law David B. Wexler University of Arizona College of Law Business Franchise Law Cases and Materials Jeffrey A. Schneider Robert J. Nye Carolina Academic Press Durham, North Carolina Copyright © 2003 by Jeffrey A. Schneider and Robert J. Nye All Rights Reserved. ISBN: 0-89089-442-6 LCCN: 2003100611 Carolina Academic Press 700 Kent Street Durham, North Carolina 27701 Telephone (919) 489-7486 Fax (919) 493-5668 www.cap-press.com Printed in the United States of America Contents Table of Cases xi Preface xxi Acknowledgments xxiii Chapter I.Introduction to Business Franchising 3 A. The Franchise Relationship 3 B. Related Legal Relationships 4 C. Franchise Regulation: Statutory Framework 4 Chapter II.What’s in a Name? Legal Definitions of “Franchise” 9 A. FTC Definition 9 Interpretive Guides to Franchising and Business Opportunity Ventures Trade Regulation Rule 9 NOTES AND CONSIDERATIONS 15 B.
    [Show full text]
  • THOUGHTS of a PACIFIC PIRATE Paul E
    THOUGHTS of a PACIFIC PIRATE Paul E. Kealy - [email protected] © 2011 by Paul E. Kealy There are stars visible in the skies above us today whose radiance is visible on Earth though they have long been extinct at their source in the far-flung corners of the universe. There are people whose brilliance continues to light our world even though they are no longer here. These lights are particularly bright when the night is dark. They light the way for all of us. Looking back to my days as a Pirate as I flip the pages of my Pacificana Yearbook it seems interesting that some of the folks I never hung with in High School have impacted my life more than I realized, while I scarcely recollect some of those who were part of my world back then. I see many unfamiliar faces in the book (which was very poorly labeled, with photos disconnected from their captions in a difficult way to connect the actual names to the faces). Although I must have lived three entire lifetimes since those days, I bump into former classmates on occasion that neither subsequent college days nor professional associations have alienated from a warm place in my heart. Our senior year was devastated by the creation of a new high school in Rialto (called West Side High, later renamed Eisenhower) that stripped many of our fine teaching staff to fill their faculty, including Mrs. Gottleib, our speech teacher that formed many of us into a first-class state championship team, including Al Jury’s speeches: Lincoln, the Man of the People, and the Ballad of the Harp-Weaver by Edna St.
    [Show full text]
  • 2020-2021 Shopping Center and Retail Guide
    SHOPPING CENTER & RETAIL GUIDE 2020-2021 Garden Grove Garden Grove Blvd Harbor Blvd Magnolia St Brookhurst St FOUNTAIN Bushard St VALLEY Westminester Blvd Westminster Blvd Newland St Santa Ana 8 Edinger St 5 Edinger St 3 David L. Baker Gol Course Palm Island 6 Newhope St Harbor Blvd 1 Euclid St Magnolia St Fountain Valley Sports Park 7 Mile Square 2 Heil Ave Brookhurst St Regional Park Bushard St Mile Square Gol Course 4 Harbor Blvd Huntington14 Beach16 24 12 Warner Ave Newland St Warner Ave 9 10 Brookhurst St 22 23 Warner Ave 15 19 20 Ward St 11 13 17 Green Valley Park Slater Ave 21 Slater Ave Slater Ave 18 Euclid St Newhope St Bushard St Fulton Park 33 25 26 Santa Ana River Harbor Blvd Talbert Ave Talbert Ave 30 27 31 32 Magnolia St Crossings Speciic Plan Courreges Park 28 29 Costa Mesa Ellis Ave Ellis Ave Newland St Ellis Ave 35 Ward St Main St Bushard St 36 34 37 Garield Ave. Brookhurst St Garield Ave. Huntington Beach Magnolia St Huntington Beach Edinger & Magnolia 1 5 Golden Triangle Center 10 Warner Plaza 14 Bushard & Warner 9132-16042 Edinger 11743-11765 Edinger 8780 Warner 9475-16927 Warner Restaurants Broker: (714) 402-0570 Broker: (562) 773-2242 Restaurants Mirada Restaurant Restaurants Restaurants 7 Leaves Cafe Thuy Nhi To Go Maya Puerto Marquez Mexican Cambalache Grill Angel Food Donut T Cup The Sun Vegan Argentine & Italian Cuisine Little Caesars Pizza Whata Lotta Pizza Retailers Dream Dinners Mr. Kebap Restaurant Mia Perfect Juice 8 Ball Vapor Retailers Paul’s Coffee Shop Retailers Golden Bottle Liquor A Snail’s Pace Running
    [Show full text]
  • Retail Investment Group, Llc
    RETAIL INVESTMENT GROUP, LLC 2629 HIGHWAY 180 E | SILVER CITY, NM 88061 $1,050,000 | CAP: 8.0% LEASEHOLD INTEREST (SALE IS FOR THE BUILDING ONLY) RENDERING OF THIS LOCATION - DUE TO BE COMPLETED APRIL 2018 8255 E. RAINTREE DR, SUITE 100 STEVEN I. DAVIS SEAN STEPHENSON MARK MCLOONE ANDREW THOMAS KNIGHT SCOTTSDALE, AZ 85260 Managing Member Associate Associate Broker of Record (480) 429-4580 | [email protected] [email protected] [email protected] [email protected] License #19541 INVESTMENT SUMMARY PRICE: $1,050,000 CAP: 8.0% PROPERTY INFORMATION INVESTMENT HIGHLIGHTS Address: 2629 Highway 180 E | Silver City, New Mexico Leasehold Interest - Building Only Wal-Mart Supercenter Outparcel Strong 102 Unit Entity New 15 Year Lease Begins @ Time of Sale CAP Rate: 8.0% Absolute NNN Lease / Zero LL Obligations New Conversion Completion March, 2018 NOI: $84,000 Drive-thru Location Close Proximity to Western New Mexico University (±3500 Students) Building Size: ±2,153 Square Feet Land Area: ±27,442 Square Feet Lease Expiration: March 31, 2033 Lease Options: 4x5 Year Options Lessee: QK Holdings, LLC Lease Type: Absolute NNN Increases: 8.5% Every 5 Years Guarantee: QK Holdings, LLC is a 102 Unit Operator of Denny’s & Del Taco The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no representation, guarantee or warranty about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, estimates, opinions use are for example only. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors.
    [Show full text]
  • Specialty Foods Manufacturing: a Sectoral Analysis
    SPECIALTY FOODS MANUFACTURING: A SECTORAL ANALYSIS Shoshana Krieger Dominique Kaschak Diana Denham UP 237A Sectoral Analysis Instructor: Goetz Wolff UCLA Urban Planning, Fall 2010 1 SPECIALTY FOOD MANUFACTURING IN LOS ANGELES COUNTY Executive Summary ................................................................................................................. 5 Introduction ......................................................................................................................................... 5 Methodology ......................................................................................................................................... 5 Why Study Specialty Foods Manufacturing? ............................................................................. 5 Main Findings ....................................................................................................................................... 6 Recommendations .............................................................................................................................. 8 Specialty Food Defined ........................................................................................................... 9 Food Manufacturing Defined .......................................................................................................... 9 Defining Specialty Foods .................................................................................................................. 9 Our Definition and the Industrial Classification System (NAICS)
    [Show full text]
  • Protecting IP in the Restaurant Industry: Trademarks and Brands, Copyrights, Licensing, and Performance Rights
    Presenting a live 90-minute webinar with interactive Q&A Protecting IP in the Restaurant Industry: Trademarks and Brands, Copyrights, Licensing, and Performance Rights TUESDAY, NOVEMBER 29, 2016 1pm Eastern | 12pm Central | 11am Mountain | 10am Pacific Today’s faculty features: Glenn S. Bacal, Managing Attorney, Bacal & Garrison, Scottsdale, Ariz. Janet F. Satterthwaite, Partner, Potomac Law Group, Washington, D.C. Steven S. Sidman, Founder and Managing Member, The Sidman Law Firm, Atlanta The audio portion of the conference may be accessed via the telephone or by using your computer's speakers. Please refer to the instructions emailed to registrants for additional information. If you have any questions, please contact Customer Service at 1-800-926-7926 ext. 10. Tips for Optimal Quality FOR LIVE EVENT ONLY Sound Quality If you are listening via your computer speakers, please note that the quality of your sound will vary depending on the speed and quality of your internet connection. If the sound quality is not satisfactory, you may listen via the phone: dial 1-866-570-7602 and enter your PIN when prompted. Otherwise, please send us a chat or e-mail [email protected] immediately so we can address the problem. If you dialed in and have any difficulties during the call, press *0 for assistance. Viewing Quality To maximize your screen, press the F11 key on your keyboard. To exit full screen, press the F11 key again. Continuing Education Credits FOR LIVE EVENT ONLY In order for us to process your continuing education credit, you must confirm your participation in this webinar by completing and submitting the Attendance Affirmation/Evaluation after the webinar.
    [Show full text]
  • Christian M. Ziebarth V. Del Taco, LLC _____
    This Opinion is Not a Precedent of the TTAB Mailed: March 31, 2015 UNITED STATES PATENT AND TRADEMARK OFFICE _____ Trademark Trial and Appeal Board _____ Christian M. Ziebarth v. Del Taco, LLC _____ Cancellation No. 92053501 against Registration No. 1043729 _____ Kelly K. Pfeiffer of Amezcua-Moll Associates PC for Christian M. Ziebarth. April L. Besl and Joshua A. Lorentz of Dinsmore Shohl LLP for Del Taco, LLC. _____ Before Mermelstein, Lykos and Adlin, Administrative Trademark Judges. Opinion by Lykos, Administrative Trademark Judge: On December 20, 2010, Christian M. Ziebarth (“Petitioner”) filed a petition to cancel Del Taco’s (“Respondent” or “Del Taco”) registration on the Principal Register for the mark NAUGLES, in typed format,1 for “restaurant services” in 1 Prior to November 2, 2003, “standard character” drawings were known as “typed” drawings. A typed mark is the legal equivalent of a standard character mark. Trademark Manual of Examining Procedure (“TMEP”) § 807.03(i) (January 2015). Cancellation No. 92053501 International Class 35.2 As set forth in the petition to cancel, Petitioner asserts a claim of abandonment alleging, in relevant part: 4. Upon information and belief, Respondent has abandoned the NAUGLES mark shown in Respondent’s Registration pursuant to Section 14(3), 15 U.S.C. § 1064(3). 5. Upon information and belief, Respondent is not currently using the NAUGLES mark as shown in Respondent’s Registration in connection with “restaurant services.” 6. Upon information and belief, Respondent discontinued use of the NAUGLES mark as shown in Respondent’s Registration in connection with “restaurant services” many years ago.
    [Show full text]
  • Bulky Document (Filed on Paper - Entire Document Exceeds 100 Pages)
    BULKY DOCUMENT (FILED ON PAPER - ENTIRE DOCUMENT EXCEEDS 100 PAGES) I Proceeding No. I 85040746 IFiling Date I7/18 /2017 IPartllof l I I 85040746 TTAB Amezcua; Moll &:: Associates, P .C. Lincoln Professional Center 1122 E. Lincoln Ave., Suite 203, Orange, CA 92867 (714) 288-2826. (714) 464-4536 July 12, 2017 VIA U.S. MAIL United States Patent and Trademark Office Trademark Trial and Appeal Board P.O. Box 1451 Alexandria, VA 22313-1451 In the Matter ofUSPTO Application Serial No. 85040746 Mark: NAUGLES for "cafeteria and restaurant services" To Whom It May Concern, Per TBMP Section 211.01, requests for reconsideration of the Board's granting of extensions of time to oppose can only be filed with the Board via paper. As such, enclosed please find the following: • Request for Reconsideration of the Granting of Del Taco's Request for a 90-Day Extension of Time to Oppose; and • Declaration of Kelly K. Pfeiffer, Esq. in Support of Request for Reconsideration of the Granting of Del Taco's Request for a 90-Day Extension of Time to Oppose Kindest Regards, Kelly K. Pfeiffer cc: Rose Amezcua-Moll, Esq. Ziebarth Holdings, LLC Il \\\ll\\Ill l\\Ill \\\I11 \111\\111\\1\11 \11 \\\\I11\111\\11\\1 01-11-2011 ,., TMOfc; TM Ma\\ Rcpt Ot #25 u. S. Patent .:::.. · 1 IN THE UNITED STATES PATENT AND TRADEMARK OFFICE BEFORE THE TRADEMARK TRIAL AND APPEAL BOARD In the matter ofUSPTO Application Serial No. 85040746 Mark: ''NAUGLES" REQUEST FOR RECONSIDERATION OF THE GRANTING OF DEL TACO'S REQUEST FOR A 90 DAY EXTENSION OF TIME TO OPPOSE (filed concurrently with the Declaration ofKelly K Pfeiffer in Support of the Request For Reconsideration Of The Granting Of Del Taco's Request For A 90 Day Extension Of Time To Oppose) Pursuant to Trademark Manual of Examining Procedure Section 21 l.Ol, Applicant ZIEBARTH HOLDINGS, LLC ("Applicant") hereby requests reconsideration 1 of the Board's decision to grant DEL TACO, LLC's ("Del Taco") request for a 90-Day extension of time to oppose Application No.
    [Show full text]
  • The Winchester Square Shopping Center, Which Opened in 1981, Membership
    September 2012 Volume 12 – Issue 9 It is our mission to identify, preserve and promote the historic legacy of the Temecula Valley and to educate the public about its historical significance. _____ 2011 Officers President Bonnie Martland Vice President Dick Fox Secretary Elaine Culverhouse Treasurer Lynn Cude Past President Jimmy Moore Aerial photo shows the 30,000 square foot Stater Brothers Directors supermarket on Opening Day. Winchester Square Theater is Bill Harker Elaine Eshom in the upper right corner. Naugles will be built on the vacant Bonnie Reed Darell Farnbach pad in the parking lot fronting Jefferson Avenue. Lisa Woodward Thomas Long Source: July 23, 1981, Rancho News Pat Lallou Myra Masiel-Zamora The Winchester Square Committee Chairs Research & Preservation Shopping Center Darell Farnbach By Jeffery G. Harmon Public Relations Dick Fox The Winchester Square Shopping Center, which opened in 1981, Membership Bill Harker is one of the current focal points for the Jefferson Corridor Study begun Program Speakers by the City of Temecula last year. Today the center is viewed as a Rebecca Farnbach defunct shopping center, with vacant storefronts, and meager patronage. Projects Jimmy Moore However, during the 1980s, it was a thriving shopping center that Events/Education brought competition to the Rancho California Plaza, and provided a Lisa Woodward lifeline to Murrieta residents. Historian Thomas Long The 11-acre shopping center was once part of the Temecula Rancho owned by Juan Murrieta. He sold the land to E. E. Barnett, an A Publication of the early Temecula pioneer, a farmer and a cattle rancher. Barnett built a Temecula Valley Historical Society beautiful two-story home on the property, which was razed when P.O.
    [Show full text]
  • Beguiling Heresy: Regulating the Franchise Relationship
    Volume 109 Issue 1 Dickinson Law Review - Volume 109, 2004-2005 6-1-2004 Beguiling Heresy: Regulating the Franchise Relationship Paul Steinberg Gerald Lescatre Follow this and additional works at: https://ideas.dickinsonlaw.psu.edu/dlra Recommended Citation Paul Steinberg & Gerald Lescatre, Beguiling Heresy: Regulating the Franchise Relationship, 109 DICK. L. REV. 105 (2004). Available at: https://ideas.dickinsonlaw.psu.edu/dlra/vol109/iss1/5 This Article is brought to you for free and open access by the Law Reviews at Dickinson Law IDEAS. It has been accepted for inclusion in Dickinson Law Review by an authorized editor of Dickinson Law IDEAS. For more information, please contact [email protected]. Beguiling Heresy: Regulating the Franchise Relationship Paul Steinberg* & Gerald Lescatre** I. Introdu ction .............................................................................................. 10 6 II. P re-Sale Issues .......................................................................................... 125 A. Fictive Kinship: The Franchise "Family". ............................................... 125 B . P artnersh ip ................................................................................................ 13 1 C . Franchise Success/Failure Rates ............................................................... 139 D . E arnings C laim s ........................................................................................ 146 E. Targeting Prospective Franchisees ...........................................................
    [Show full text]