Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
|Average Sale Price||$1,675,000 - $2,650,000|
|Average NOI||$75,000 - $135,000|
|Building SF||2,000 - 2,600|
|Lease Term||20 Years|
Taco Bell is a leading QSR (quick service restaurant) specializing in Mexican fast foods and was the first to offer AVA (American Vegetarian Association) approved meals. With their tasty combinations of tacos, burritos, and ready-to-go dishes, they are now on track to hit eight thousand new retail locations by 2023. This may further lead to an economy-boosting, one hundred thousand new jobs across the United States.
Statistics show Taco Bell surpasses forty two million people on a weekly basis, with currently almost seven thousand stores in operation nationwide. This extends to include their integrated delivery technologies for smartphones and computer order placements.
The original Taco Bell was first opened in Downey, California, who then negotiated a deal with PepsiCo Inc. to sell 868 locations to them. This resulted in the Yum! Brand, now ranked near 200 on the Fortune 500 list and includes the likes of Kentucky Fried Chicken, Pizza Hut, and others. Yum! Brand recently reported gross sales figures of an estimated thirteen billion back in 2012.
|Number of Locations||7,072|
|Key Principal||Mark King|