Sagittarius completes sale-leaseback of 15 Del Tacos

NASHVILLE Tenn. Sagittarius Brands Inc. has completed the sale of 15 Del Taco restaurant properties for $24 million in a sale-leaseback deal with Innovative Property Partners LLC. The proceeds were earmarked to reduce corporate debt, Sagittarius Brands said Tuesday.

The sites are located in Arizona, California and Nevada and have been leased back to Sagittarius Brands’ Del Taco Corp., the Lake Forest, Calif.-based operator or franchisor of the 500-unit-

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