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$ 3,142,857

Taco Bell

Fast Food/QSR  

| SF 2,842 | Term 13.10
Gallup, NM 87301
  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Freeway close

  • Highway location

  • Strong tenant synergy

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • 25+ unit franchisee backed

  • ...
  • Brand new 15-year sale leaseback with 4 (5-year) options to extend
  • 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Strong sales performance with healthy rent to sales ratio (Inquire for details)
  • Emerge Inc is an award winning and growing operator with 185-units across four brands (40+ unit guaranty)
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 40
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant brand serving a variety of tacos, burritos, quesadillas, nachos, novelty and specialty items, and multiple "value menu" items. Locations typically feature a 2,000 - 2,600 square foot building with a drive-thru window, situated on 0.5 - 1.2 acre of land. The chain has 8,564 restaurants in 32 countries. 2023 revenue for Taco Bell was $15.92B, an 8.7% increase from 2022.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...

$ 2,380,952

Taco Bell

Fast Food/QSR  

| SF 1,622 | Term 13.10
Cortez, CO 81321
  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Highway location

  • Affluent suburb location

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • 25+ unit franchisee backed

  • ...
  • Brand new 15-year sale leaseback with 4 (5-year) options to extend
  • 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Strong sales performance with healthy rent to sales ratio (Inquire for details)
  • Emerge Inc is an award winning and growing operator with 185-units across four brands (40+ unit guaranty)
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 40
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant brand serving a variety of tacos, burritos, quesadillas, nachos, novelty and specialty items, and multiple "value menu" items. Locations typically feature a 2,000 - 2,600 square foot building with a drive-thru window, situated on 0.5 - 1.2 acre of land. The chain has 8,564 restaurants in 32 countries. 2023 revenue for Taco Bell was $15.92B, an 8.7% increase from 2022.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...

$ 1,634,286

Taco Bell

Fast Food/QSR  

| SF 1,760 | Term 13.10
Gallup, NM 87301
  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Freeway close

  • Highway location

  • Strong tenant synergy

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • 25+ unit franchisee backed

  • ...
  • Brand new 15-year sale leaseback with 4 (5-year) options to extend
  • 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Strong sales performance with healthy rent to sales ratio (Inquire for details)
  • Emerge Inc is an award winning and growing operator with 185-units across four brands (40+ unit guaranty)
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 40
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant brand serving a variety of tacos, burritos, quesadillas, nachos, novelty and specialty items, and multiple "value menu" items. Locations typically feature a 2,000 - 2,600 square foot building with a drive-thru window, situated on 0.5 - 1.2 acre of land. The chain has 8,564 restaurants in 32 countries. 2023 revenue for Taco Bell was $15.92B, an 8.7% increase from 2022.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...

$ 2,000,000

Taco Bell

Fast Food/QSR  

Cap Rate 5.50% | SF 2,130 | Term 23.11
Sallisaw, OK 74955
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Freeway close

  • Major MSA

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Top franchise operator

  • ...
  • Brand new construction | Store opening is planned for December 2024
  • New 25-year lease term with 4 (5-year) options to extend
  • The lease features 1% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by K Mac Enterprises (330+ units backed)
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 330
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant brand serving a variety of tacos, burritos, quesadillas, nachos, novelty and specialty items, and multiple "value menu" items. Locations typically feature a 2,000 - 2,600 square foot building with a drive-thru window, situated on 0.5 - 1.2 acre of land. The chain has 8,564 restaurants in 32 countries. 2023 revenue for Taco Bell was $15.92B, an 8.7% increase from 2022.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...

$ 2,133,333

Taco Bell

Fast Food/QSR  

Cap Rate 6.00% | SF 2,130 | Term 23.10
Sedalia, MO 65301
  • New construction

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Strong tenant synergy

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Top franchise operator

  • ...
  • Brand new 2024 construction
  • New 25-year lease with 4 (5-year) options to extend
  • The lease features 1% annual rent increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by K Mac Enterprises (350 units backed)
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 350
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant brand serving a variety of tacos, burritos, quesadillas, nachos, novelty and specialty items, and multiple "value menu" items. Locations typically feature a 2,000 - 2,600 square foot building with a drive-thru window, situated on 0.5 - 1.2 acre of land. The chain has 8,564 restaurants in 32 countries. 2023 revenue for Taco Bell was $15.92B, an 8.7% increase from 2022.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.


The tenant, K-Mac Enterprises, is a leading quick-service restaurant franchisee founded in 1964 and headquartered in Fayetteville, Arkansas. Over the company’s 60-year history, it has grown to become one of the largest franchisee restaurant businesses in the country. K-Mac currently operates more than 330 restaurants in the Taco Bell system.

...

$ 1,933,333

Taco Bell

Fast Food/QSR  

Cap Rate 6.00% | SF 2,130 | Term 23.10
Chandler, OK 74834
  • New construction

  • Dense retail corridor

  • Highway location

  • Strong tenant synergy

  • Top 100 MSA

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Top franchise operator

  • ...
  • Brand new 2024 construction
  • New 25-year lease with 4 (5-year) options to extend
  • The lease features 1% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by K-Mac Enterprises (350 units backed)
  • Tenant Taco bell
  • Guarantor Franchisee
  • #Units 350
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant brand serving a variety of tacos, burritos, quesadillas, nachos, novelty and specialty items, and multiple "value menu" items. Locations typically feature a 2,000 - 2,600 square foot building with a drive-thru window, situated on 0.5 - 1.2 acre of land. The chain has 8,564 restaurants in 32 countries. 2023 revenue for Taco Bell was $15.92B, an 8.7% increase from 2022.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

The tenant, K-Mac Enterprises, is a leading quick-service restaurant franchisee founded in 1964 and headquartered in Fayetteville, Arkansas. Over the company’s 60-year history, it has grown to become one of the largest franchisee restaurant businesses in the country. K-Mac currently operates more than 330 restaurants in the Taco Bell system.

...

$ 2,847,800

Taco Bell

Fast Food/QSR  

Cap Rate 6.00% | SF 2,565 | Term 13.9
Laredo, TX 78045
  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Freeway visibility

  • Affluent AHHI $100K 5 Mi

  • Major MSA

  • Income tax free state

  • Long 20+ yr lease

  • Absolute NNN

  • 50+ unit franchisee backed

  • ...
  • Taco Bell has 15 years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 8% rental increases throughout the base term and 10% at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Tacala Austin Corporation (85 units backed)
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 85
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant brand serving a variety of tacos, burritos, quesadillas, nachos, novelty and specialty items, and multiple "value menu" items. Locations typically feature a 2,000 - 2,600 square foot building with a drive-thru window, situated on 0.5 - 1.2 acre of land. The chain has 8,564 restaurants in 32 countries. 2023 revenue for Taco Bell was $15.92B, an 8.7% increase from 2022.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

Tacala Austin Corporation, founded in 1968 is the guarantor on the lease and is a subsidiary of Tacala, LLC, which was founded in 1989. Tacala Austin Corporation operates more than 85 restaurants in Austin, Waco, and Central Texas. Tacala, LLC is one of the largest Taco Bell Franchisees in the country with over 340 restaurants (including those of Tacala Austin Corporation).

...

$ 2,550,000

Taco Bell

Fast Food/QSR  

Cap Rate 5.69% | SF 2,274 | Term 23.1
Broken Arrow, OK 74011
  • New construction

  • Near major nationals

  • Shopping Ctr out-parcel

  • Freeway visibility

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 20+ yr lease

  • Annual rent increases

  • Top franchise operator

  • ...
  • Brand-new 2024 construction
  • Taco Bell will be executing a brand-new 25 year lease with 4 (5-year) options to extend
  • The lease features 1% annual rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by K-Mac Enterprises, Inc. (330-units)
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 330
  • Stock NYSE: YUM

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant brand serving a variety of tacos, burritos, quesadillas, nachos, novelty and specialty items, and multiple "value menu" items. Locations typically feature a 2,000 - 2,600 square foot building with a drive-thru window, situated on 0.5 - 1.2 acre of land. The chain has 8,218 restaurants in 24 countries, increasing by 496 restaurants in the 2022 fiscal year. 2022 revenue for Taco Bell was $14.65B, a 10% increase from 2021.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, today the company operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. Yum! Brands. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

The tenant, K-Mac Enterprises, is a leading quick-service restaurant franchisee founded in 1964 and headquartered in Fayetteville, Arkansas. Over the company’s 58-year history, it has grown to become one of the largest franchisee restaurant businesses in the country. K-Mac currently operates more than 330 restaurants in the Taco Bell system.

...

$ 1,036,530

Taco Bell (GL)

Fast Food/QSR  

Cap Rate 5.65% | SF 2,553 | Term 7.10
Flint, MI 48529
  • In location for years

  • Near major nationals

  • Strategically located

  • Dense 200M+ pop 5 mi

  • Major MSA

  • Long operation history

  • Recently extended lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Taco Bell has been operating in this location since 1998
  • The tenant has 9+ years remaining on the current ground lease term with 7 (5-year) options to extend
  • Lease features 5% rental increases at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Taco Bell
  • Guarantor Corp T and Rated
  • #Units 8,564
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant brand serving a variety of tacos, burritos, quesadillas, nachos, novelty and specialty items, and multiple "value menu" items. Locations typically feature a 2,000 - 2,600 square foot building with a drive-thru window, situated on 0.5 - 1.2 acre of land. The chain has 8,564 restaurants in 32 countries. 2023 revenue for Taco Bell was $15.92B, an 8.7% increase from 2022. 

 

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...

$ 1,867,000

Taco Bell (GL)

Fast Food/QSR  

Cap Rate 6.00% | SF 2,400 | Term 18.11
Grafton, OH 44044
  • New construction

  • Near major nationals

  • Strategically located

  • Highway location

  • Affluent suburb location

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Top franchise operator

  • ...
  • Brand-new 2023 construction
  • Taco Bell will be signing a brand-new 20-year lease with options TBD at close of escrow
  • Lease features 10% rental increases every 5 years throughout the initial term
  • Absolute NNN lease | Zero landlord responsiblities
  • Lease guaranteed by Pacific Bells (250 units)
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 250
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant brand serving a variety of tacos, burritos, quesadillas, nachos, novelty and specialty items, and multiple "value menu" items. Locations typically feature a 2,000 - 2,600 square foot building with a drive-thru window, situated on 0.5 - 1.2 acre of land. The chain has 8,218 restaurants in 24 countries, increasing by 496 restaurants in the 2022 fiscal year. 2022 revenue for Taco Bell was $14.65B, a 10% increase from 2021.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, today the company operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. Yum! Brands. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...

$ 2,194,000

Taco Bell (GL)

Fast Food/QSR  

Cap Rate 6.00% | SF 2,400 | Term 18.2
Berlin, WI 54923
  • New construction

  • Near major nationals

  • Strategically located

  • Highway location

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Personal guarantee

  • Top franchise operator

  • ...
  • Brand-new 2023 construction
  • Taco Bell will be signing a brand-new 20-year lease with options TBD at close of escrow
  • Lease features 10% rental increase every 5 years throughout the initial term
  • Absolute NNN | Zero landlord responsiblities
  • Lease guaranteed by Pacific Bells (250 units)
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 250
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant brand serving a variety of tacos, burritos, quesadillas, nachos, novelty and specialty items, and multiple "value menu" items. Locations typically feature a 2,000 - 2,600 square foot building with a drive-thru window, situated on 0.5 - 1.2 acre of land. The chain has 8,218 restaurants in 24 countries, increasing by 496 restaurants in the 2022 fiscal year. 2022 revenue for Taco Bell was $14.65B, a 10% increase from 2021.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, today the company operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. Yum! Brands. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...

$ 2,615,000

Taco Bell (GL)

Fast Food/QSR  

Cap Rate 6.00% | SF 2,400 | Term 18.9
Baker City, OR 97814
  • New construction

  • Near major nationals

  • Strategically located

  • Freeway close

  • Highway location

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Top franchise operator

  • ...
  • Brand-new 2023 construction
  • Taco Bell will be signing a brand-new 20-year lease with 4 (5-year) options to extend upon close of escrow
  • Lease features 10% rental increases every 5 years throughout the initial term
  • Absolute NNN lease | Zero landlord responsiblities
  • Lease guaranteed by Pacific Bells (250 units)
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 250
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant brand serving a variety of tacos, burritos, quesadillas, nachos, novelty and specialty items, and multiple "value menu" items. Locations typically feature a 2,000 - 2,600 square foot building with a drive-thru window, situated on 0.5 - 1.2 acre of land. The chain has 8,564 restaurants in 32 countries. 2023 revenue for Taco Bell was $15.92B, an 8.7% increase from 2022. 

 

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY. 

...

$ 3,113,223

KFC | Taco Bell

Fast Food/QSR  

Cap Rate 4.25% | SF 3,893 | Term 13.1
South Hill, VA 23970
  • Dense retail corridor

  • Shopping Ctr out-parcel

  • Strategically located

  • Freeway close

  • Highway location

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • 100+ unit franchisee backed

  • Personal guarantee

  • ...
  • KFC | Taco Bell has 15+ years remaining on the primary lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases every 5 years | Next increase April 2024
  • Absolute NNN | Zero landlord responsibilities
  • Low rent-to-sales ratio
  • Lease guaranteed by Luihn VantEdge Partners (185 units)
  • Tenant KFC | Taco Bell
  • Guarantor Franchisee
  • #Units 186
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

Luihn VantEdge Partners, LLC (LVE) is a leading American franchisee of Yum! Brands. They operate a quick-service restaurant network under the banners of Taco Bell, KFC, Lohn John Silver’s and Pizza Hut Express. Luihn Foods opened their first KFC franchise in 1966 (Boone, NC). By the end of 1993, they owned nearly 20 locations and had pioneered the Two-in-One concept between KFC and Taco Bell (Sanford, NC). In 2019, Luihn partnered with VantEdge Parters and underwent a major recapitalization, becoming Luihn VantEdge Partners. Focused on aggressive future expansion, LVE acquired 47 Taco Bells the following year (2020). As of the end of 2023, the private company employs over 5,000 people and operates nearly 200 restaurants in North Carolina, South Carolina, Virginia, Florida and Arizona. They are headquartered in Morrisville, NC.

...

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