1004 N 24th St
Phoenix, AZ 85008
PRICE REDUCTION - Taco Bell/Pizza Hut · Retail Property For Sale

Marcus and Millichap is pleased to present the sale of a 2,096 square foot Taco Bell located in Phoenix, Arizona. Strategically placed on a hard signalized corner, this Taco Bell operates as an Absolute NNN Lease with Zero Landlord responsibilities. Phoenix is the fifth most populous city in the U.S and population growth is up 8% in a 3-mile radius from the subject property over the past 5 years. Taco Bell is the nation's leading Mexican-inspired quick service restaurant (QSR) brand. They serve made-to-order and customizable tacos and burritos, among other choices, and is the first QSR restaurant to offer American Vegetarian Association certified menu items. Taco Bell and its more than 350 franchise organizations serve over 42 million customers each week through nearly 7,000 locations across the nation. Taco Bell is looking to go from a US to Global powerhouse with expected growth to 9,000+ units in 40 countries by 2022. Yum! Brands is ranked number 218 on the Fortune 500 list, with revenues exceeding $6 billion in 2016. Other QSRs under the Yum Brands include Pizza Hut and KFC. Yum! Brands fourth-quarter GAAP EPS was $1.26, an increase of 53%. Full-year GAAP EPS was $3.77, an increase of 48%. Fourth-quarter EPS excluding special items was $0.96, an increase of 20%. Full-year EPS excluding special items was $2.96, an increase of 20%.