Investment Highlights
- Brand New, 20-Year, Triple Net (NNN) Lease – Rent Commencement Upon Close of Escrow
- 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
- Luihn VantEdge Partners, LLC is a Strong Franchisee of Yum! Brands – They Own and Operate Over 200 Restaurants in 5 States and Employ More Than 4,500 Workers
- Walking Distance from Central Arizona College – Florence Center, a Community College With a Total Enrollment of Approx. 10,000 Students Across Five Campuses Throughout Pinal County
- Less Than a Mile from Florence’s Historic Downtown Area
- One Mile from Florence K-8 Elementary School With a Total Enrollment of More Than 700 Students
- Less Than Two Miles from Florence High School With a Total Enrollment of 815 Students
- Conveniently Located Between Phoenix, the Arizona State Capital, 60 Miles North; and Tucson, 65 Miles South
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Taco Bell located in the Phoenix suburb of Florance, Arizona. This is a new, 20-year, triple net lease which will commence at the close of escrow. The lease offers four, five-year tenant renewal options with 10 percent rent increases every five years throughout the base term and option periods.
Taco Bell’s parent company, Yum! Brands, Inc., has over 52,000 restaurants in more than 150 countries and territories. Luihn VantEdge Partners, LLC is an experienced Yum! Brands franchisee who owns and operates over 200 restaurants spanning across Arizona, Florida, North Carolina, South Carolina and Virginia with more than 4,500 employees.
The Subject Property is located in Florence, Arizona and is part of the Phoenix-Mesa-Chandler metro area with a population of approximately 4.95 million residents. This Taco Bell benefits from being conveniently located between Phoenix to the North, and Tucson to the South. Phoenix and Tucson both benefit from being major tourist destinations. Phoenix is the Arizona state capital and most populous city in the metro with more than 1.6 million residents. In Tucson, tourism contributes roughly $2 billion in a typical year, with over 3.5 million annual visitors to the area.
The Subject Property is within walking distance of Central Arizona College – Florence Campus. Central Arizona College is a local Community College with a total enrollment of approx. 10,000 students across five campuses throughout Pinal County. The Property is also one mile from Florence K-8 Elementary School with a total enrollment of more than 700 students, and less than two miles from Florence High School with a total enrollment of 815 students.
Broker of Record
Ryan Sarbinoff
Lic #: BA675146000
