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.

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.

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.

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.

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.

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.

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.

Bell American is the second largest Taco Bell franchisee, operating 280 restaurants across 9 states. It is part of Flynn Restaurant Group which also operates 441 Applebee’s, 149 Paneras, 368 Arby’s, 939 Pizza Hut’s, and 246 Wendy’s, making it the largest restaurant franchisee in the US.

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.

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.

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.

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’s Founders, Dick Reese, and Don Ghareeb opened our first Taco Bell in 1989 in Columbiana, Alabama. Taco Bell locations have more than tripled in the past 30+ years, and Tacala has grown to over 340 locations in the Southeast and Texas. Altamont Capital Partners invested in Tacala in 2012 and has helped drive explosive unit growth over the past eight years. In recognition of Don Ghareeb’s impact on our company and culture, he was named Chairman Emeritus. Even after 30 years and 340+ Taco Bell restaurants our focus has stayed the same: serve our customers, serve our teams, and serve our communities with kindness. We call this our Here To Serve principle; it’s what we do and a credit to our success.

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’s Founders, Dick Reese, and Don Ghareeb opened our first Taco Bell in 1989 in Columbiana, Alabama. Taco Bell locations have more than tripled in the past 30+ years, and Tacala has grown to over 340 locations in the Southeast and Texas. Altamont Capital Partners invested in Tacala in 2012 and has helped drive explosive unit growth over the past eight years. In recognition of Don Ghareeb’s impact on our company and culture, he was named Chairman Emeritus. Even after 30 years and 340+ Taco Bell restaurants our focus has stayed the same: serve our customers, serve our teams, and serve our communities with kindness. We call this our Here To Serve principle; it’s what we do and a credit to our success.

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.

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.

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.

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.

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).

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.

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 a S&P rating of BB+ and a long term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

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.

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.

Tacala’s Founders, Dick Reese, and Don Ghareeb opened our first Taco Bell in 1989 in Columbiana, Alabama. Taco Bell locations have more than tripled in the past 30+ years, and Tacala has grown to over 340 locations in the Southeast and Texas. Altamont Capital Partners invested in Tacala in 2012 and has helped drive explosive unit growth over the past eight years. In recognition of Don Ghareeb’s impact on our company and culture, he was named Chairman Emeritus. Even after 30 years and 340+ Taco Bell restaurants our focus has stayed the same: serve our customers, serve our teams, and serve our communities with kindness. We call this our Here To Serve principle; it’s what we do and a credit to our success.

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.

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.

Tacala’s Founders, Dick Reese and Don Ghareeb opened our first Taco Bell in 1989 in Columbiana, Alabama. Taco Bell locations have more than tripled in the past 30+ years, and Tacala has grown to over 340 locations in the Southeast and Texas. Altamont Capital Partners invested in Tacala in 2012 and has helped drive explosive unit growth over the past eight years. In recognition of Don Ghareeb’s impact on our company and culture, he was named Chairman Emeritus. Even after 30 years and 340+ Taco Bell restaurants our focus has stayed the same: serve our customers, serve our teams, and serve our communities with kindness. We call this our Here To Serve principle; it’s what we do and a credit to our success.

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.

MAS Restaurant Group is a 114-unit operator of Taco Bell and KFC franchise restaurants as well as a licensee of Long John Silvers. MRG operates restaurants in both the Texas and Ohio markets. The leadership of MAS Restaurant Group has been in the YUM system for 28 years 22 of which have been as a franchisee. MRG has routinely demonstrated the ability to grow its organization through acquisition as well as organically.

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.

Franchise Management Inc. (FMI) is one of the largest Pizza Hut, KFC, and Taco Bell franchise operators in North America. FMI also operates Panera Bread cafes in Canada. FMI Group is proud to own and operate more than 340 locations across Canada and the United States. All operations are administered from our Business Support Center in Woodstock, New Brunswick, Canada.

The owners, Dwight and Greg, are immensely proud of the team that has become FMI. They attribute much of their success to the powerhouse brands and partners they work with, and the strong team of leaders they surround themselves with. The FMI team is over 6,500 and growing, spread across North America. FMI is fortunate to employ a diverse, dedicated team that enables their continued growth. FMI actively recruits and hires both local talent and candidates looking for work in North America. FMI prides itself on attracting and developing talented team members and leaders – FMI is successful when its employees grow as they grow. The opportunities are endless with FMI Group. We believe in serving our guests from best-in-class restaurants and storefronts. FMI is continually building and renovating our restaurants and Cafes. By reinvesting millions of dollars into our locations and local economies each year, we maintain dominant brands that grow sales. FMI brands will be relevant and ready to grow for many years to come.

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.

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.